Which combination of demand elasticities would be relevant for a firm that wants to raise its revenue? (For each option, state whether price elasticity, cross elasticity and income elasticity are relevant.)
- Aprice elasticity: yes; cross elasticity: yes; income elasticity: yes
- Bprice elasticity: yes; cross elasticity: yes; income elasticity: no
- Cprice elasticity: yes; cross elasticity: no; income elasticity: yes
- Dprice elasticity: no; cross elasticity: yes; income elasticity: yes