Recall the Application About Choosing a Price for Drones Based

question 70

Multiple Choice

Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s) .
-Recall the Application.Suppose a firm that produces drones has a linear demand curve for its product,with a vertical intercept of $1,200.If the firm wants the demand for its product to be price-inelastic,the maximum price it should charge is

• A) $300.
• B) $600.
• C) $1,200.
• D) $2,400.

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