The price elasticity of demand for kale in Texas is -2, and the price elasticity of demand for kale in California is -0.5. In other words, demand in Texas is ________, and demand in California is ________. a inelastic; elastic b elastic; inelastic c inelastic; unit inelastic d elastic; unit elastic
The price elasticity of demand for kale in Texas is -2, and the price elasticity of demand for kale in California is -0.5. In other words, demand in Texas is ________, and demand in California is ________. a inelastic; elastic b elastic; inelastic c inelastic; unit inelastic d elastic; unit elastic
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 19SQ
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The price elasticity of demand for kale in Texas is -2, and the price elasticity of demand for kale in California is -0.5. In other words, demand in Texas is ________, and demand in California is ________.
a |
inelastic; elastic
|
|
b |
elastic; inelastic
|
|
c |
inelastic; unit inelastic
|
|
d |
elastic; unit elastic
|
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