20- Suppose an oil company wants to make its total revenue as large as possible.

Question

20- Suppose an oil company wants to make its total revenue as large as possible. It should charge a price at which the demand for oil is: Question 36 options:
a- elastic.
b- unitary elastic.
c- inelastic. d- perfectly inelastic. 20- Suppose an oil company wants to make its total revenue as large as possible. It should charge a price at which the demand for oil is: 20- Suppose an oil company wants to make its total revenue as large as possible. It should charge a price at which the demand for oil is:
a- elastic.
b- unitary elastic.
c- inelastic. d- perfectly inelastic. a- elastic. b- unitary elastic. c- inelastic. d- perfectly inelastic.
a- elastic.
b- unitary elastic.
c- inelastic. d- perfectly inelastic.

Explanation / Answer

c- inelastic

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