For which of the following products should sellers raise the price in order to increase total revenue from college students?
A) blue hooded sweatshirts
B) Gatorade
C) concert tickets
D) textbooks
E) spaghetti sauce

Question

Quizplus · Accepted Answer

Textbooks are often considered a necessity for college students, making their demand relatively inelastic. Raising the price of an inelastic good can lead to an increase in total revenue.

For Which of the Following Products Should Sellers Raise the Price