When MR<MC firms should raise their prices because
A) Demand is flat
B) Demand is upright
C) Demand is elastic
D) Demand is inelastic
Correct Answer:
Verified
Q3: A demand for a product is more
Q4: A demand for a product is more
Q6: The government decided to reduce taxes on
Q9: If your income goes down by10% and,in
Q10: If your income goes up by 2%
Q41: In general,the larger the price elasticity:
A)the smaller
Q51: A price elasticity of demand of -0.67
Q58: For complements,cross price elasticity of demand is:
A)Negative
B)Positive
C)between
Q73: If your income goes up by 2%
Q77: For substitutes,cross price elasticity of demand is:
A)Negative
B)Positive
C)between
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