If a firm finds that it can sell 20,000 units at a price of $5 per unit and 25,000 units at a price of $4 per unit then demand in this price range is:
A) Elastic.
B) Inelastic.
C) Unitary elastic.
D) Cannot be determined with the information given.

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The Answer of If a firm finds that it can sell 20,000 units at a price of $5 per unit and 25,000 units at a price of $4 per unit then demand in this price range is:
A) Elastic.
B) Inelastic.
C) Unitary elastic.
D) Cannot be determined with the information given.

If a Firm Finds That It Can Sell 20,000 Units