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-Gadgets, Inc

Question 13

Multiple Choice

-Gadgets, Inc. can increase its total revenue by raising the price of its product. From this result we can conclude that the A) price increase increases demand for the firm's product. B) firm sells an inferior good. C) demand for the firm's product is price inelastic. D) demand for the firm's product is price elastic.
-Gadgets, Inc. can increase its total revenue by raising the price of its product. From this result we can conclude that the


A) price increase increases demand for the firm's product.
B) firm sells an inferior good.
C) demand for the firm's product is price inelastic.
D) demand for the firm's product is price elastic.

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