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wrote...
Posts: 82
2 weeks ago

Question 1.

When the absolute price elasticity of demand equals 2.5, demand is

• elastic.

• unit-elastic.

• inelastic.

• undetermined without more information.

Question 2.

When the absolute price elasticity of demand equals 0.9, demand is

• elastic.

• unit-elastic.

• inelastic.

• undetermined without more information.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
2 weeks ago

Answer 1

elastic.

Answer 2

inelastic.
wrote...
2 weeks ago
TY
wrote...
2 weeks ago
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