You are the curator of a butterfly sanctuary. The sanctuary is running low on funds, so you decide to increase revenue. What options do you have to consider?
Should you raise or lower the price of admission? Explain your reasoning in terms of demand and elasticity.
Please consider revenue sources other than the admission price to bolster your bottom line. Remember, YOU are the curator and the sanctuary depends on you. What is your product? It’s not butterflies. Think of what Disney World offers.
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