Can you please help me answer those questions below Thank y

Can you please help me answer those questions below . Thank you.

15)

It is believed that, if the price elasticity of demand isthen t should hav share. then the firm e incentive to hold down price and increase its market O lower, greater lower, ower O greater, greater

Solution

15)

If elasticity of demand is greater, then producer does not have incentive to charge greater price, instead producer seeks to maximize his profits by lowering price.

Hence right answer is greater, greater