Top Posters
Since Sunday
10
p
4
h
4
c
4
d
3
3
c
3
t
3
u
3
A
3
B
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Vethier 2016 Vethier 2016
wrote...
Go to Answer
Posts: 149
Rep: 0 0
10 months ago

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.



▸

1.33; inelastic



▸

1.33; elastic



▸

0.75; elastic



▸

0.75; inelastic



▸

6.2; elastic

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 59 times
1 Reply
Replies
Answer verified by a subject expert
onidonid
wrote...
#1
Posts: 153
Rep: 0 0
10 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Vethier 2016 Author
wrote...

10 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Danivalda
wrote...

Yesterday
Good timing, thanks!
yen
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1097 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 104
  
 354
  
 353
Your Opinion
Previous poll results: Should Ph.D.'s be addressed as doctors?