Refer to the table at right. For which prices is demand inelastic? Quantity Demanded per Week Price per Unit $10.00 9.50 A. In a range of prices above $6.00 B. In a range of prices below $6.00 C. In a range of prices above $9.00 D. In a range of prices between $5 and $1 9.00 8.50 8.00 7.50 25 30 35 40 45 7.00 6.50 6.00 5.50 5.00 55 60 65 70 75
Refer to the table at right. For which prices is demand inelastic? Quantity Demanded per Week Price per Unit $10.00 9.50 A. In a range of prices above $6.00 B. In a range of prices below $6.00 C. In a range of prices above $9.00 D. In a range of prices between $5 and $1 9.00 8.50 8.00 7.50 25 30 35 40 45 7.00 6.50 6.00 5.50 5.00 55 60 65 70 75
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Refer to the table at right. For which prices is demand
inelastic?
Quantity Demanded
per Week
Price per Unit
$10.00
9.50
A. In a range of prices above $6.00
B. In a range of prices below $6.00
C. In a range of prices above $9.00
D. In a range of prices between $5 and $1
9.00
8.50
8.00
7.50
25
30
35
40
45
7.00
6.50
6.00
5.50
5.00
55
60
65
70
75
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