Home » Economics » Elasticity demand is an effective tool in the hands of a producer in that it…Elasticity demand is an effective tool in the hands of a producer in that it… Elasticity demand is an effective tool in the hands of a producer in that it enables him? A. raise his profit and lower his costs B. discourage buyers from cheating C. determine what he will produce D. set his price to maximize his profit Correct Answer: Option D Explanation Related Posts In a country with ageing population , the total population Net National Product (NNP) is equal to the For a firm to break even in the long run, the marginal cost curve must… The term balance of trade, can be defined as the? Crude petroleum is a good example of a? In national income accounts, an item counted as part of government spending is
