When we are talking about price elasticity of demand, the less elastic the demand, the more it pays…

When we are talking about price elasticity of demand, the less elastic the demand, the more it pays for the seller to _____.

When we are talking about price elasticity of demand the less elastic the demand the more it pays…

When we are talking about price elasticity of demand, the less elastic the demand, the more it pays for the seller to _____.
a.drop the price
b.raise the price
c.leave the price where it is
d.discontinue the item
b.raise the priceAs per the definition of the elasticity the price elasticity of demand refers to the change in the quantity demanded due to the change in its price. Now if the demand is less elastic then that means that a change in the price of the product actually leads to a less…

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