The following question are based on the following information regarding the gross monthly receipts of a miniature golf course in a resort community at the shore.

-Between $2.50 and $3.00,demand is
A) perfectly price inelastic.
B) relatively price inelastic.
C) relatively price elastic.
D) of unitary elasticity.
E) absolutely elastic.

Question

The following question are based on the following information regarding the gross monthly receipts of a miniature golf course in a resort community at the shore.
 
-Between $2.50 and $3.00,demand is
A) perfectly price inelastic. 
B) relatively price inelastic. 
C) relatively price elastic. 
D) of unitary elasticity. 
E) absolutely elastic.

Quizplus · Accepted Answer

The demand for the miniature golf course is relatively price inelastic between $2.50 and $3.00. This means that a change in price will result in a relatively smaller change in quantity demanded.

The Following Question Are Based on the Following Information Regarding