Edit View History Bookmarks POp ar x , Q MKT 245 × Q UNT Dr. s × Q 1B Flash c: ×

Question

Edit View History Bookmarks POp ar x , Q MKT 245 × Q UNT Dr. s × Q 1B Flash c: × Q Marketing × ? Chapter 1, × Q chapter 9 × Q Marketing x re https://unt.instructure.com/courses/3481/quizzes/21336/take D iran The Dude was righteous, as always; thus Spicoli was bogus. Question 18 10 pts Other things equal (i.e., ceterus paribus), when firms discoverl through marketing research, that the demand for their products is inelastic, those marketers can INCREASE total revenues by: O raising their prices. O lowering their price. reducing their fixed costs O reducing their variable costs. D Question 19 10 pts 3 5 6 8 9

Explanation / Answer

Q18. Answer is Raising their prices. Explanation: when the demand for the product is inelastic that means the demand affects vevry little with the increase in pricess. Thus the producer will be benefitted by increasing the prices of its product and demand is least affected. Thus enable him to increase its total revenue.

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