For about a year,AMD representatives have told journalists that they do not believe that AMD will have to react in any way to the launch of Intel's Quad-Core processor.But just a week before Intel's introduction of this product,AMD reduced the price of its desktop processors by 47 percent.What is AMD hoping that demand for its processors will be?
A)elastic
B)derived
C)inelastic
D)joint

Question

Quizplus · Accepted Answer

If demand is elastic,price decreases will increase demand by a larger amount and increase total revenue.

For About a Year,AMD Representatives Have Told Journalists That They