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Author Question: The owner of a local hot dog stand has estimated that if he lowers the price of hot dogs from $2.00 ... (Read 34 times)

Sportsfan2111

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The owner of a local hot dog stand has estimated that if he lowers the price of hot dogs from $2.00 to $1.50, he will increase sales from 400 to 500 hot dogs per day. Using the midpoint formula, the demand for hot dogs is


◦ elastic.
◦ inelastic.
◦ unit elastic.
◦ perfectly elastic.


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Marked as best answer by Sportsfan2111 on Apr 19, 2019

pallen55

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