Multiple Choice
Suppose Clem's Chemical Company wants to increase its total revenue. If there are few substitutes for Clem's Chemicals
A) Clem should increase the price of his chemicals.
B) Clem should decrease the price of his chemicals.
C) the demand for chemicals is elastic.
D) Clem will not be able to change the price of his chemicals.
Correct Answer:
Verified
Correct Answer:
Verified
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