If the Elasticity of Demand for Cigarettes Is 0

question 95

Multiple Choice

If the elasticity of demand for cigarettes is 0.4,a seller should

• A)Increase price to increase total revenue.
• B)Decrease price to increase total revenue.
• C)Reduce price to maximize profits.

---

Definitions:

Uncooked

Refers to food that has not been cooked, being in its raw or natural state and not subjected to heat.

Horseless

Pertaining to a vehicle or a mode of transport that does not require horses for power.

Genus

A class or category of things sharing common characteristics; in biology, it refers to a classification ranking above species and below family.

Essential Attributes

Essential attributes or features that determine the essence of an entity.