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    yoda12304's Avatar
    yoda12304 Posts: 1, Reputation: 1
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    #1

    Nov 19, 2009, 02:22 PM
    Suppose the price of apples rises from $3
    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?
    Lowtax4eva's Avatar
    Lowtax4eva Posts: 2,467, Reputation: 190
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    #2

    Nov 19, 2009, 02:47 PM

    Although this is a question and answer site we don't do your homework for you... if you want to try it yourself and show how you might be stuck on this problem someone should be able to guide you but were not going to give you the answer.
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