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When price = $33, quantity demanded = 460. When price = $31, quantity demanded = 500. The price ...

Vethier 2016

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When price = $33, quantity demanded = 460. When price = $31, quantity demanded = 500. The price ...

When price = $33, quantity demanded = 460. When price = $31, quantity demanded = 500. The price elasticity of demand is _______________, making this an _____________ good in the price range between $31 and $33.

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1.33; inelastic

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1.33; elastic

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0.75; elastic

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0.75; inelastic

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6.2; elastic

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Economics

Edition: 12^th

Author: Arnold

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this is exactly what I needed

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