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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
If a firm can increase its sales only by lowering its price, then
A) the firm is a price searcher.
B) the firm's marginal revenue will be less than price.
C) the demand curve for the firm's product is negatively sloped.
D) all of the above are true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 301 times
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SmooothSmoooth
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Top Poster
Posts: 5500
8 years ago
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Sublight2097 Author
wrote...
8 years ago
Another one in the books, marking it solved.
wrote...
8 years ago
My pleasure Happy Dummy
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