Multiple Choice
a price of $2.00 each,SHAPE magazine sells 1 million copies of its magazine targeted to young women seeking a healthier lifestyle.If the price per issue is increased to $2.50,only 800,000 copies would be sold.From the information provided here,the price elasticity of demand for SHAPE magazine in this price range can be described as
A) inelastic demand.
B) elastic demand.
C) unitary demand.
D) null elasticity.
E) subsidized elasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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