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aliya0001 [1]
3 years ago
9

Suppose that the owner of the small business you work for is planning to raise prices in order to increase revenues. The busines

s has loyal buyers as there aren't many other businesses offering this product. Would you agree with the business owner that raising the price is a good decision?
a. Yes, it is a great decision as demand is likely elastic.
b. Yes, it is a great decision as demand is likely inelastic.
c. No, it is not a good decision as demand is likely elastic.
d. No, it is not a good decision as demand is likely inelastic.
Business
1 answer:
andriy [413]3 years ago
6 0

Answer:

B

Explanation:

Less competition equals hgiher prices.

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What is it called when a company sells unused assets for a promise to buy them or similar assets back at roughly the same price?
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2 years ago
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Answer: See Explanation

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The work done for each day is written below:

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