Sony is considering a 10 percent price reduction on its LCD television sets.If the demand for sets in this price range is inelastic:
A) revenues from LCD sets will remain constant.
B) revenues from LCD sets will decrease.
C) revenues from LCD sets will increase.
D) the number of LCD sets sold will decrease.

Question

Quizplus · Accepted Answer

The Answer of Sony is considering a 10 percent price reduction on its LCD television sets.If the demand for sets in this price range is inelastic:
A) revenues from LCD sets will remain constant.
B) revenues from LCD sets will decrease.
C) revenues from LCD sets will increase.
D) the number of LCD sets sold will decrease.

Sony Is Considering a 10 Percent Price Reduction on Its