If the coffee company Starbucks raises the prices it charges its customers, and Starbucks says they are raising prices so they can increase their revenues, and keep up with inflation in their cost of inputs, then what can you conclude Starbucks believes about the elasticity of demand for their product. Please upload your answer to this folder. Just a quick 2-3 sentence answer is sufficient. You do not have to do any market research, just use what you have learned about elasticity in this class.

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