In order to increase revenue; the seller of a commodity whose demand is fairly elastic is advised to?

By: |Published on: Oct 28|Categories: Economics JAMB| 0 comments

A. increase price
B. reduce output
C. reduce price
D. retain price

Correct Answer:

Option C – reduce price

Users Also Read These:

SEE ALSO  An important contribution of small-scale industries to the Nigerian economy is in the area of?

Copyright warnings! Do not copy.