Multiple Choice
Suppose that you are in charge of pricing at a local sandwich shop.The business needs to increase revenue and your job is on the line.What should you do
A) If the demand for sandwiches is elastic, increase the price of sandwiches.
B) If the demand for sandwiches is elastic, decrease the price of sandwiches
C) If the demand for sandwiches is inelastic, do not change the price of sandwiches
D) If the demand for sandwiches is inelastic, decrease the price of sandwiches.
Correct Answer:
Verified
Correct Answer:
Verified
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