Multiple Choice
Sara's Strawberry Market maximizes its total revenue by selling strawberries for $1.25 a basket. At a price of $1.25, you predict that
A) the demand for strawberries is inelastic.
B) Sara's sells most of the strawberries that she grows.
C) the demand for strawberries is elastic.
D) the demand for strawberries is unit elastic.
Correct Answer:
Verified
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