In order to maximize his profit a businessman w... - JAMB Economics 1995 Question
In order to maximize his profit, a businessman who faces a very elastic demand for his product is advised to?
A
slightly increase the price of his product
B
slightly reduce the price of his products
C
leaves his price unchanged
D
discriminate his prices
Ask EduPadi AI for a Detailed Answer
Correct Option: B
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses