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To increase total revenue, firms with ______ demand should lower price, and firms with ______ demand should increase price. elastic;unit elastic; inelastic inelastic; elastic un…

To increase total revenue, firms with ______ demand should lower price, and firms with ______ demand should increase price. elastic;unit elastic; inelastic inelastic; elastic un…
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To increase total revenue, firms with ______ demand should lower price, and firms with ______ demand should increase price.

elastic;unit
elastic; inelastic
inelastic; elastic
unit; inelastic

asked
User MaximeKan
by
7.6k points

1 Answer

3 votes

Answer:

elastic; inelastic

Step-by-step explanation:

answered
User Muhammad Tanweer
by
7.8k points
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