(Figure: Market for Wine Gift Baskets I) Zinfandelic, which sells wine gift baskets, faces the demand curve and marginal cost curve depicted in the graph. The price elasticity of demand at the profit-maximizing quantity for Zinfandelic is ____.

Question

(Figure: Market for Wine Gift Baskets I) Zinfandelic, which sells wine gift baskets, faces the demand curve and marginal cost curve depicted in the graph.  The price elasticity of demand at the profit-maximizing quantity for Zinfandelic is ____.

Quizplus · Accepted Answer

The Answer of (Figure: Market for Wine Gift Baskets I) Zinfandelic, which sells wine gift baskets, faces the demand curve and marginal cost curve depicted in the graph.  The price elasticity of demand at the profit-maximizing quantity for Zinfandelic is ____.

(Figure: Market for Wine Gift Baskets I) Zinfandelic, Which Sells