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On December 10 the price of a Christmas tree is $50 and 100 trees are purchased.

Lauren1

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9 years ago

On December 10 the price of a Christmas tree is $50 and 100 trees are purchased.

On December 10 the price of a Christmas tree is $50 and 100 trees are purchased. On December 20 the demand for Christmas trees decreases so that the price falls to $30 and 20 trees are purchased. From this set of facts, the
A) demand for Christmas trees is price inelastic.
B) demand for Christmas trees is price elastic.
C) supply of Christmas trees is inelastic.
D) supply of Christmas trees is elastic.

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MrDereche

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Lauren1 Author

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9 years ago

Thank you, this really, really helps Heavy Heart

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MrDereche

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9 years ago

You're welcome!

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