Business, 25.11.2021 06:20, rgilliam3002

Suppose that the total revenue received by a company selling basketball is $720 when the price is set at $60 per basketball and $720 when the price is set at $40 per basketball. Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range? Group of answer choices unit-elastic elastic inelastic

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Suppose that the total revenue received by a company selling basketball is $720 when the price is se...