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Villerys39 Villerys39
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4 years ago

Question 1.

When the price of coffee decreases 5%, quantity demanded increases 5%. The price elasticity of demand for coffee is ________ and total revenue from coffee sales will ________.



▸ elastic; decrease

▸ elastic; increase

▸ inelastic; decrease

▸ unit elastic; not change

Question 2.

The price elasticity of demand for kale in Texas is -2, and the price elasticity of demand for kale in California is -0.5. In other words, demand in Texas is ________, and demand in California is ________.



▸ elastic; inelastic

▸ inelastic; elastic

▸ elastic; unit elastic

▸ inelastic; unit inelastic
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
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sliceofoctopisliceofoctopi
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Villerys39 Author
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4 years ago
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Just got PERFECT on my quiz
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Thanks
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