A tailor has four customers for her suit range. The table gives the annual demand for the suits she produces. Which price should be set to maximise the tailor’s annual revenue?
- A$\$800$
- B$\$900$
- C$\$1000$
- D$\$1100$
Economics 0455 · IGCSE · Price elasticity of demand (PED)
A tailor has four customers for her suit range. The table gives the annual demand for the suits she produces. Which price should be set to maximise the tailor’s annual revenue?