Multiple Choice
Dosta Mattress Company manufactures and sells mattresses to retailers that then put their own store brand names on the product.At a price of $1,000,it sold 100 mattresses.It dropped its price to $600 and sold 175 mattresses.Regarding elasticity,what is demand for the mattresses?
A) unitary
B) inelastic
C) asymmetrical
D) elastic
Correct Answer:
Verified
Correct Answer:
Verified
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