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Author Question: The price elasticity of demand for a vertical demand curve is: a. perfectly elastic. b. perfectly ... (Read 694 times)

ahriuashd

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The price elasticity of demand for a vertical demand curve is:
 a. perfectly elastic.
  b. perfectly inelastic.
  c. unitary elastic.
  d. elastic.
  e. inelastic.

Question 2

Suppose Good Food's supermarket raises the price of its steak and finds its total revenue from steak sales does not change. This is evidence that price elasticity of demand for steak is:
 a. perfectly elastic.
  b. perfectly inelastic.
  c. unitary elastic.
  d. inelastic.
  e. elastic.



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parshano

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Answer to Question 1

b

Answer to Question 2

c




ahriuashd

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


matt95

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Reply 3 on: Yesterday
:D TYSM

 

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