Question 10 Not yet If a firm wants to increase revenue, it should increase the selling price of its product if it is currently producing portion of its demand curve, in the answered Marked out of 100 Select one a. perfectly elastic b. elastic Flag question Cunit elastic d. inelastic Question 11 An inferior good is one for which Not yet answered Marked out of 1.00 Select one: O a. demand increases as income increases. O b. demand decreases as income increases. P Flag question O c. the demand curve slopes up. O d. the demand curve is vertical