Elasticity demand is an effective tool in the hands of a producer in that it...
ECONOMICS
JAMB 1994
Elasticity demand is an effective tool in the hands of a producer in that it enables him?
- A. raise his profit and lower his costs
- B. discourage buyers from cheating
- C. determine what he will produce
- D. set his price to maximize his profit
Correct Answer: D. set his price to maximize his profit
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