The less ________ the demand, the ________ it pays for the seller to raise the price.
A) determined; less
B) elastic; more
C) elastic; less
D) constant; more
E) fixed; more

Question

Quizplus · Accepted Answer

The correct answer is B) elastic; more because when demand is less elastic, consumers are less sensitive to price changes, making it more advantageous for the seller to raise prices without significantly reducing the quantity sold.

The Less ________ the Demand, the ________ It Pays for the Seller

The Less the Demand, the It Pays for the Seller