All sellers may be tempted to raise the price of what they sell,but a negative unintended effect of raising the price could be __________ in units sold large enough to __________ the seller's total revenue earned.

Question

Quizplus · Accepted Answer

Raising prices can lead to a decrease in units sold, which may lower total revenue if the decrease in quantity sold is proportionally larger than the increase in price.

All Sellers May Be Tempted to Raise the Price of What