Multiple Choice
Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s) .
-Recall the Application.Suppose a firm that produces drones has a linear demand curve for its product,with a vertical intercept of $1,200.If the firm wants the demand for its product to be price-inelastic,the maximum price it should charge is
A) $300.
B) $600.
C) $1,200.
D) $2,400.
Correct Answer:

Verified
Correct Answer:
Verified
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