Question: To raise total revenue, owners should (A) decrease price as demand is elastic. (B) decrease price as demand is inelastic. (C) increase price as demand

To raise total revenue, owners should

(A) decrease price as demand is elastic.

(B) decrease price as demand is inelastic.

(C) increase price as demand is elastic.

(D) increase price as demand is inelastic.

(E) do nothing; they are already maximizing total revenue.

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