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18 September, 16:47

a clothing firm knows that the demand for its swimsuits is inelastic at the present price what action should it take to resolve a surplus at the end of the summer?

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  1. 18 September, 20:14
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    To resolve a surplus in inventory, usually a company would lower the price to increase demand. In this case, I would imagine the swimsuit firm would offer an end of the season sale to clear out leftover inventory.
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