Mathematics
Mathematics, 26.03.2021 06:30, hinacat87

3. For each of the following, identify whether the demand is elastic, inelastic, or unit elastic:
a. The price of apples rises 10 percent as the
quantity demanded falls 20 percent.
b. The price of cars falls 5 percent as the
quantity demanded rises 10 percent.

answer
Answers: 3

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3. For each of the following, identify whether the demand is elastic, inelastic, or unit elastic:

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