Home » Economics » In order to increase revenue, the seller of a commodity whose demand is fairly elastic…In order to increase revenue, the seller of a commodity whose demand is fairly elastic… In order to increase revenue, the seller of a commodity whose demand is fairly elastic is advised to A. increase price B. reduce output C. reduce price D. retain price Correct Answer: Option C Explanation Related Posts A balance budget is defined as a condition of? Production possibilities(alternatives) P Q R S T Units of shelter 5 4 3 2 0… The major source of Nigeria’s foreign exchange is the export of? The most important limitation on the partner as a form of business enterprise is the? Which of the following items does NOT belong to a country’s current account in the… A major advantage of industrialization is that it
