If a clothing firm knows that the demand for its swimsuits is inelastic at the present price what action should it take to resolve a surplus at the end of the summer?
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Ответ:
Inelastic means that if the price go up the quantity of purchased swimsuits remains almost the same or varies a little. So it would be a good idea to increase the price a bit to take advantage of the economic situation.
Ответ:
B. 1st blank options and C. 2nd blank options I think.
Explanation: