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Laurent Laurent
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6 years ago
When the Toronto Star newspaper lowered the weekly subscription price from $5.70 to $2.85 — a savings of 50% — the number of subscriptions sold tripled. This suggests that their customers have ________ demand and that the lower price ________ revenues.
A) elastic; increased
B) inelastic; increased
C) unit elastic; did not change
D) inelastic; decreased
E) elastic; decreased
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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Laurent Author
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6 years ago
Good timing, thanks!
Tim0301
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Yesterday
Thanks
mikeh209
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2 hours ago
Thank you, thank you, thank you!
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