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-   -   Suppose the price of apples rises from $3 a pound to $3.50 and your consumption of ap (https://www.askmehelpdesk.com/showthread.php?t=367502)

  • Jun 21, 2009, 02:08 PM
    majd
    Suppose the price of apples rises from $3 a pound to $3.50 and your consumption of ap
    Suppose the price of apples rises from $3 a pound to $3.50 and your consumption of apples drops from 35 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about your price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic?
  • Jun 21, 2009, 02:22 PM
    Curlyben
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help

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