information. 18. Suppose that the own-price elasticity for Al-Marai cocktail juice is 1.85 In order for Al-Marai company to increase total revenue from the cocktai! juice brand, at least in the short-run, it would be advisable to: a. Do nothing. Lower the price of the cocktail juice brand ORaise the price of the cacktail juice brand? Cả. Can't tell; insufficient information.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.