Question
Which of the following firms caould raise prices and expect an increase in revenues?
A)a firm product has an elasticity of 1
B)a firm whose product has an elasticity of 0.31
C)a firm whose product has an elasticity of 3.1
D)all firms regardless of the elasticity of their products
A)a firm product has an elasticity of 1
B)a firm whose product has an elasticity of 0.31
C)a firm whose product has an elasticity of 3.1
D)all firms regardless of the elasticity of their products
Answers
Tamesha
a firm whose product has an elasticity of 0.31