If a price taker raises its price above the market


If a price taker raises its price above the market price,

A. its total revenue will fall to zero.

B. it will lose some but not all customers

C. its total revenue will rise if it faces an inelastic demand curve.

D. its total revenue will fall by the percentage by which price is raised

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: If a price taker raises its price above the market
Reference No:- TGS0938912

Expected delivery within 24 Hours