If the price elasticity of a good is less than 0 but, Ask an Expert

Economics

If the price elasticity of a good is less than 0 but greater than -1, the good is considered _____________ and the company should ____________ price to maximize total revenue.

A. Elastic; Lower

B. Inelastic; Raise

C. Unit Elastic; Not Change

D. Normal; Lower

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299080

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