Author Question: Suppose Sandy's Candies wants to increase its total revenues. If Sandy increases the price of her ... (Read 65 times)

lindiwe · **on:** Jun 29, 2018

Suppose Sandy's Candies wants to increase its total revenues. If Sandy increases the price of her candy, she must be assuming that the demand for candy is

A) unit elastic.
B) inelastic.
C) elastic.
D) income elastic.

Question 2

The statement that peach ice cream is better than chocolate ice cream

A) can be tested using the scientific approach.
B) is a normative statement.
C) is a positive statement.
D) provides a basis for predicting which type of ice cream will exhibit the most sales.