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Mila [183]
2 years ago
8

If a clothing firm knows that the demand for its swimsuits is inelastic at the present price what action should it take to resol

ve a surplus at the end of the summer?
History
2 answers:
gayaneshka [121]2 years ago
8 0

Inelastic means that if the price go up the quantity of purchased swimsuits remains almost the same or varies a little. So it would be a good idea to increase the price a bit to take advantage of the economic situation.

ser-zykov [4K]2 years ago
6 0
He should increase his supply in order to achieve a surplus he wants for summer.
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