Suppose Sandy's Candies Wants to Increase Its Total Revenues

question 458

Multiple Choice

Suppose Sandy's Candies wants to increase its total revenues. If Sandy increases the price of her candy, she must be assuming that the demand for candy is

• A) unit elastic.
• B) inelastic.
• C) elastic.
• D) income elastic.

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Definitions:

Tarasoff v. Regents

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