Multiple Choice
Maria raised the price of her burritos from $2.00 to $2.40 due to an increase on the price of cheese,one of the main ingredients.Her total revenue increased from $300 to $338.We can conclude that the demand for burritos is
A) unit elastic.
B) inelastic.
C) elastic.
D) horizontal.
Correct Answer:
Verified
Correct Answer:
Verified
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