To increase total revenues firms with demand should lower p

To increase total revenues, firms with ______ demand should lower price, and firms with ______ demand should increase price.

A. elastic; inelastic

B. inelastic;elastic

C. elastic;unitary

D. unitary;inelastic

Solution

To increase total revenues, firms with ______ demand should lower price, and firms with ______ demand should increase price.

A. elastic; inelastic

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