Multiple Choice
At a price of $50, Ghani sells 20 hand-made leather cell-phone covers, but at a price of $60, zero units are sold. Based on this information, the demand for his cell-phone covers is
A) elastic or perfectly inelastic
B) elastic or perfectly elastic.
C) unit-elastic.
D) perfectly inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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