If the price elasticity of a good is less than 0 but, Business Economics

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If the price elasticity of a good is less than 0 but

If the price elasticity of a good is less than 0 but greater than -1, the good is considered _____________ and the company should ____________ price to maximize total revenue.

A. Elastic; Lower

B. Inelastic; Raise

C. Unit Elastic; Not Change

D. Normal; Lower

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Business Economics: If the price elasticity of a good is less than 0 but

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Business Economics: If the price elasticity of a good is less than 0 but

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