Solved

Things Being Equal,if a Firm Finds the Demand for One

Question 33

Multiple Choice

things being equal,if a firm finds the demand for one of its products is inelastic,it can increase its total revenues by


A) lowering its price.
B) increasing fixed costs only.
C) increasing variable costs only.
D) increasing both fixed and variable costs.
E) raising its price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions