All Things Being Equal, If a Firm Finds the Demand

question 91

Multiple Choice

All things being equal, if a firm finds the demand for one of its products is inelastic, it can increase its total revenues by

• A)raising its price.
• B)lowering its price.
• C)reducing fixed costs.
• D)reducing variable costs.
• E)reducing both fixed and variable costs.

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Definitions:

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