Suppliers of computer disks should ___________ the price of disks to increase their total revenue if they know that the demand for computer disks is _______. a) decrease, elastic b) increase, elastic c) decrease, inelastic d) increase, elastic or inelastic

Suppliers of computer disks should _____ the price of disks to increase their total revenue if they know that the demand for computer disks is _. a) decrease, elastic b) increase, elastic c) decrease, inelastic d) increase, elastic or inelastic

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 5SQP: Suppose a university raises its tuition from 3,000 to 3,500. As a result, student enrollment falls...

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9) Suppliers of computer disks should ___________ the price of disks to increase their total revenue if they know that the demand for computer disks is _______.

a) decrease, elastic

b) increase, elastic

c) decrease, inelastic

d) increase, elastic or inelastic

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