A New Feature on the Latest Acme Smart Phone Has

question 21

Multiple Choice

A new feature on the latest Acme smart phone has made it wildly popular.Which action should Acme take to maximize profits?

• A) Increase the supply of the smart phone.
• B) Decrease the supply of the smart phone.
• C) Reduce the price of the smart phone.
• D) Maintain the current supply until demand falls.
• E) Create a shortage of the smart phone.