You own two different energy drink brands with similar elasticities: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", you can only increase your total sales if
a. Prices for "600 minute energy" are increased
b. Prices for "600 minute energy" are reduced
c. Prices for "600 minute energy" stay constant
d. None of the above
b
You might also like to view...
What four basic functions does the entrepreneur perform for the economy?
Please provide the best answer for the statement.
Economic studies conducted in industrially advanced countries suggest there is:
A. A positive relationship between the degree of independence of the central bank and the size of the average annual rate of inflation B. An inverse relationship between the degree of independence of the central bank and the size of the average annual rate of inflation C. No relationship between the degree of independence of the central bank and the size of the average annual rate of inflation D. A positive relationship between the degree of independence of the central bank and the size of the central bank