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apadong apadong
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7 years ago
Jerry sells cherry sno-cones along the boardwalk in New Jersey. During the summer this is a perfectly competitive business, and Jerry faces a perfectly elastic demand curve. If he wants to try to increase revenues he should
A) keep the price the same but produce more to increase sales.
B) lower the price of his sno-cones to try to sell more.
C) do nothing; there is nothing he can do to increase revenue.
D) raise the price of his sno-cones to make more per sale.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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apadong Author
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#2
7 years ago
Update: Correct!
wrote...
#3
4 years ago
correct!
wrote...
#4
4 years ago
correct
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