With an understanding of price elasticity,sellers should know that the less elastic the demand for their product is,the more advantageous it is for them to .
A)discontinue the item
B)bundle the item with another product
C)maintain the price
D)raise the price
E)drop the price

Question

Quizplus · Accepted Answer

When demand is less elastic, consumers are less sensitive to price changes, so raising the price can lead to higher revenue without a significant drop in sales.

With an Understanding of Price Elasticity,sellers Should Know That the Less