Economics JAMB

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

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4 years ago

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