A new feature on the latest Acme smart phone has made it wildly popular.Which action should Acme take to maximize profits?
A) Increase the supply of the smart phone.
B) Decrease the supply of the smart phone.
C) Reduce the price of the smart phone.
D) Maintain the current supply until demand falls.
E) Create a shortage of the smart phone.

Question

Quizplus · Accepted Answer

A)Acme will want to have more phones available when demand is high.

A New Feature on the Latest Acme Smart Phone Has