Advise the firm on how to plan production in coming month

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Reference no: EM1362262

A firm sells two products A and B.Product A has an income elasticity of demand of +0.9 whilst product B has an income elasticity of demand of -1.3.Advise the firm on how to plan production in the coming month if average income is set to increase by 12%.

Reference no: EM1362262

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