Suppose that the own-price elasticity for yogurt is -0.6. Which of the following statement(s) is (are) true?
A) Raise the price of yogurt in order to increase revenue in the short-run.
B) Lower the price of yogurt in order to increase revenue in the short-run.
C) The own-price elasticity of Dannon Yogurt is likely larger than -0.6 (in absolute value).
D) Both A and C
D) Both A and C
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