Business, 05.07.2019 15:00 hartmaaj95

After a producer determines that the demand for one of its products is inelastic, why would this firm probably raise the price of this product? consumer demand would probably increase. the firm’s costs of production would probably decrease. the firm’s total revenues would probably increase. competition would decrease.

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After a producer determines that the demand for one of its products is inelastic, why would this fir...