stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Supply, Demand & Elasticity Flashcards | StudBud
Supply, Demand & Elasticity
1 / 19
A firm estimates that its PES for its product is 0.4. Should it be concerned?
A
Yes as demand is decreasing at a slow rate
B
No as it can raise revenue by raising price
C
No as it means there are few substitutes for the good
D
Yes- the firm is not able to adjust supply easily
Next
0
0
correct · 0:00
