Because toy retailing is so competitive, Just Play is very c…
Because toy retailing is so competitive, Just Play is very concerned about the need for price changes (the price charged to consumers) and how price changes will affect demand of consumers. Select the correct response for each statement below that correctly describes the direction of revenue relative to price and demand elasticity. Read each choice very carefully and make your selection carefully. Just Play wants to lower the price and demand is relatively elastic, revenue . Just Play wants to lower the price and demand is relatively inelastic, revenue . Just Play wants to lower the price and demand is “unitary elastic”, revenue .