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Good strategy for boosting revenue for stacey farms

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Given that the elasticity of the poultry industry is -0.5, Stacey Farms raised prices of turkey during this year's Thanksgiving period from $0.99 per pound to $1.20 per pound. Is this price change a good strategy for boosting revenue for Stacey Farms?

Reference no: EM131293011

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Good strategy for boosting revenue for stacey farms : Given that the elasticity of the poultry industry is -0.5, Stacey Farms raised prices of turkey during this year's Thanksgiving period from $0.99 per pound to $1.20 per pound. Is this price change a good strategy for boosting revenue for Stacey F..
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