## Question

###### Can someone explain me why the answer is A. Thanks A firm started advertising its product...

Can someone explain me why the answer is A.

Thanks

A firm started advertising its product and this changed the product's elasticity from -2 to -1.5. The firm should a. Raise price from $10 to $15 b. Reduce price from $15 to $10 C. Raise price from $7.5 to $10 d. Reduce price from $10 to $7.5

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