The Owner of Bob's Breakfast Just Bought Nancy's Famous Breakfast

question 73

Multiple Choice

The owner of Bob's Breakfast just bought Nancy's Famous Breakfast across the street.They offer the same breakfast items on the menu.The demand for Bob's Breakfast is more elastic than Nancy's Famous Breakfast.What should the owner do?

• A)Reduce the prices at Nancy's Famous Breakfast
• B)Raise the prices at Bob's Breakfast
• C)Raise the prices at both restaurants equally
• D)Raise the prices at both restaurants,but raise the price of Bob's Breakfast more

---

Definitions:

Reply All Button

A button in email applications that allows the user to respond to all recipients of the original message simultaneously.

Mail Server

A computer system that sends and receives email over the internet or a local network.

Picnic Organizer

An individual or tool that assists in planning and coordinating the various aspects of a picnic event, including location, food, and activities.

Telecommunications Company

A business that provides services for telecommunication – the exchange of information over significant distances through electronic means.