Other things equal, if a firm finds the demand for one of its products is inelastic, it can INCREASE its total revenues by:

Other things equal, if a firm finds the demand for one of its products is inelastic, it can INCREASE its total revenues by:

Other things equal, if a firm finds the demand for one of its products is inelastic, it can INCREASE its total revenues by:



A.

raising its price.


B.

lowering its price.


C.

reducing fixed costs.


D.

reducing variable costs.



Answer: A


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