If the slope of the demand curve is -0.167,price is $8 per unit and quantity demanded is 12 units,then demand for this good is
A) perfectly elastic.
B) elastic.
C) unit-elastic.
D) inelastic.
E) perfectly inelastic.
Correct Answer:
Verified
Q98: Q99: Total expenditure is Q100: The reason a brand name item (e.g. Q101: If the slope of the demand curve Q102: The introduction of the AMD Athlon microprocessor Q104: Given the following demand curve,P = 62.5 Q105: If the price elasticity of demand for Q106: If the producers of a particular brand Q107: A price elasticity of demand of 0.3 Q108: The development of small satellite TV units
A) greater than total revenue.
B)
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