Multiple Choice
Use the table The Price Elasticity of Demand for Paola's Equipment. Paola sells equipment for makerspaces, and the price elasticity of demand for the goods that she sells is given in the table below. If Paola wants to increase total revenue, for which good should she increase the price, and for which goods should she decrease the price?
A) Decrease the price of magic pens, and increase the price of all other goods.
B) Decrease the price of 3-D printers and magic pens, and increase the price of maker carts and filament.
C) Decrease the price of 3-D printers and filament, and increase the price of the maker cart.
D) Decrease the price of 3-D printers and maker carts, and increase the price of filament.
Correct Answer:
Verified
Correct Answer:
Verified
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