Afirm has a choice of raising or lowering its price. if the firm wishes to increase the revenues (the price times the quantity sold), what should it do? a. raise price when demand is elastic, because the quantity demanded will increaseb. lower price when demand is elastic, because the quantity demanded will decreasec. raise price when demand is inelastic, because the revenue gained from the price increase will be larger than the revenues lost from the smaller quantity soldd. lower price when demand is inelastic, because the revenues lost from the lower price will be smaller than the revenues gained from the increase in quantity sold.

The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.

Why do you think the federal government commits so much time and so many resources to supporting small businesses when they make less of a contribution to the overall economy than large corporations?

What effect, considered related to the secondary effect of advertisement, occurs as an advertisement begins to lose its impact when it gets old? the makes the advertisement lose its impact after it gets old.