Recall the Application About Choosing a Price for Drones Based

question 17

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 $1,500. If the firm does NOT want the demand for its product to be price-inelastic, the minimum price it should charge is

• A) $500.
• B) $750.
• C) $1,000.
• D) $1,500.

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