Multiple Choice
Dosta Mattress Company manufactures and sells mattresses to retailers who then put their own store brand names on the product.At a price of $100,it sold 100 mattresses.It dropped its price to $60 and sold 175 mattresses.Regarding elasticity,demand for the mattresses is:
A) elastic
B) inelastic
C) unitary
D) symmetrical
E) asymmetrical
Correct Answer:
Verified
Correct Answer:
Verified
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