« previous next »

Author Question: If Herbert, the hair stylist, raises the price of his cuts from 13 to 15 and finds the number of ... (Read 130 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
If Herbert, the hair stylist, raises the price of his cuts from 13 to 15 and finds the number of cuts falls from 300 to 260, then the demand for Herbert's cuts in this range is:
 a. price inelastic.
  b. price elastic.
  c. unit elastic.
  d. cross elastic.
  e. income inelastic.

Question 2

If Sam, the Pizza Man, lowers the price of his pizzas from 6 to 5 and finds that sales increase from 400 to 600 pizzas per week, then the demand for Sam's pizzas in this range is:
 a. price inelastic.
  b. price elastic.
  c. unit elastic.
  d. cross elastic.
  e. income inelastic.


allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Chromosome number is halved Chromosome number is halved
Human Hair Human Hair
Conscientiousness is negatively correlated with a number of health-related behaviors. The higher the ... Conscientiousness is negatively correlated with a number of health-related behaviors. The higher the ...
Examples of how the recessive gene for straight hair passes from parents to children Examples of how the recessive gene for straight hair passes from parents to children
Number of Mutations Associated with Specific Forms of Cancer Number of Mutations Associated with Specific Forms of Cancer
Dodder (Cuscuta), also known as strangleweed or devil’s hair. This parasitic flowering plant has ... Dodder (Cuscuta), also known as strangleweed or devil’s hair. This parasitic flowering plant has ...
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library