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Author Question: The price of coffee rose 40 percent and the quantity of coffee demanded fell by 20 percent. The ... (Read 400 times)

dejastew

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on: May 24, 2019
The price of coffee rose 40 percent and the quantity of coffee demanded fell by 20 percent. The quantity of doughnuts demanded also fell by 20 percent. From this information, we can conclude that
◦ the demand for coffee is elastic.
◦ the demand for coffee is unit elastic.
◦ coffee is an inferior good.
◦ the cross elasticity demand between coffee and doughnuts is -0.5.
◦ the income elasticity of demand for coffee is 2.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by dejastew on May 24, 2019

Jody Vaughn

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dejastew

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Reply #2 on: May 24, 2019
Thanks


Jody Vaughn

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Reply #3 on: May 24, 2019
Welcome :)


Annika LaVina

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Reply #4 on: Feb 4, 2020
Thank you


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