Sam Owns a Taco Restaurant,and He Conducted a Consumer Survey

Multiple Choice

Sam owns a taco restaurant,and he conducted a consumer survey that indicates that the price elasticity of demand for his restaurant is 3.5.You would advise Sam to

A) Raise his price to increase revenues.
B) Keep his price the same to maximize revenues.
C) Lower his price to increase revenue.
D) Offer more high-priced products.