Business, 04.08.2020 14:01, genesis0523

Dairy Wishes, a local ice cream store, finds that it sells out of ice cream sandwiches at the current price of $1. It raises the price to increase its
revenues and finds that no one buys ice cream sandwiches anymore
The demand for icecream sandwiches is
a. inelastic.
b. elastic.
c. perfectly inelastic.
d. perfectly elastic.
e. unitary elastic.

Answers: 1

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Dairy Wishes, a local ice cream store, finds that it sells out of ice cream sandwiches at the curre...