question 6 and 7 please QUESTION 6Aman who started a business a few years ago increased the price of the product he sells and notices that his total revenue is increasing. This would mean that the demand for the good he is selling mustbeO a. unit elastic.O b. inelastic.Oc. elastic.o d. None of the other options are correct.QUESTION 7Anna make dresses and the demand for those dresses are price elastic. If Anna want to increase her total revenue from selling those dresses then she shouldO a. increase the price of her dresses.O b. decrease the price of her dresses.O. decrease the cost of making her dresses.O d. None other options are correct.

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QUESTION 6 Aman who started a business a few years ago increased the price of the product he sells and notices that his total revenue is increasing. This would mean that the demand for the good he is selling must be O a. unit elastic. O b. inelastic. Oc. elastic. o d. None of the other options are correct.

QUESTION 6 Aman who started a business a few years ago increased the price of the product he sells and notices that his total revenue is increasing. This would mean that the demand for the good he is selling must be O a. unit elastic. O b. inelastic. Oc. elastic. o d. None of the other options are correct.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 2PA

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