sanjish8329 sanjish8329

13-12-2022
Business

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a monopolist produces two unrelated goods, x and y. the demand for x is currently price elastic and the demand for y is currently price inelastic. to increase its total revenue, the firm should change the price of x and y in which of the following ways?

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bhawsarsakshi4 bhawsarsakshi4

21-12-2022

The firm should change the price of x and y price of X will Decrease and the Price of Y will Increase.

What is price inelastic?

Price elasticity quantifies how responsively a heck's consumption and supply are to changes in its price. It is calculated by dividing by the change in its price the percentage difference in number started demanding delivered.

Currently, demand for x is responsive to price changes but demand for y is relatively inelastic. to boost overall sales. The company should alter the prices for X and Y so that X's price decreases and Y's price increases.

Learn more about price inelastic, Here:

https://brainly.com/question/13691796

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