At a price of $50, Ghani sells 20 hand-made leather cell-phone covers, but at a price of $60, zero units are sold. Based on this information, the demand for his cell-phone covers is

Name: At a price of $50, Ghani sells 20 hand-made leather cell-phone covers, but at a price of $60, zero units are sold. Based on this information, the demand for his cell-phone covers is
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

The demand is perfectly elastic because a small increase in price from $50 to $60 results in the quantity demanded dropping to zero.

At a Price of $50, Ghani Sells 20 Hand-Made Leather