rglen3138 rglen3138
  • 27-02-2024
  • Business
contestada

Assume that the price elasticity of demand is -1.17 for a certain firm's product. If the firm raises price, the firm's managers can expect total revenue to:

a) Increase

b) Decrease

c) Remain unchanged

d) Fluctuate unpredictably

Respuesta :

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