MICROECONOMICS FOR TODAY (LL)-W/MINDTAP
MICROECONOMICS FOR TODAY (LL)-W/MINDTAP
10th Edition
ISBN: 9781337739115
Author: Tucker
Publisher: CENGAGE L
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Chapter 5, Problem 8SQ

The president of Tucker Motors says, “Lowering the price won’t sell a single additional Tucker car.” The president believes that the price elasticity of demand is

  1. a. perfectly elastic.
  2. b. perfectly inelastic.
  3. c. unitary elastic.
  4. d. elastic.
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