Multiple Choice
If a business can sell 20 000 units of a product at $2 per unit and 10 000 units at $4 per unit,its demand is:
A) unit-elastic
B) inelastic
C) perfectly inelastic
D) elastic
E) perfectly elastic
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: The price elasticity of supply measures how:<br>A)easily
Q22: Assume that the price of product X
Q23: A rise in the price of butter
Q24: A perfectly elastic demand curve:<br>A)is impossible to
Q25: A rise in the price of apples
Q27: The demand for such products as salt,bread,and
Q28: The elasticity of demand for a product
Q29: The price elasticity of demand indicates:<br>A)the extent
Q30: The price and quantity demanded of
Q31: Marx's labour theory of value has current