Question

RJ Custom Bike Manufacturing has determined that the demand for the products and services offered by them is less elastic. With such an understanding of price elasticity, RJ Custom Bike Manufacturing should know that the less elastic the demand for their product is, the more advantageous it is for them to ________.

Answer 1

Answer:

Raise the price.

Explanation:

An incremental cost is the difference in total costs as the result of a change in some activity. Incremental cost can said to be differential cost as they may be in-between two alternatives for a certain short-run.