A hamburger stand raised the price of its hamburgers from $2.00 to $2.50. As a result, the sales of hamburgers fell from 200 per

Question

1 year ago

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day to 180 per day. Was the demand for its hamburger's elastic or inelastic? How can you tell?

1 answer:

Shkiper50 [21] · Answer 1 · 2023-09-28T21:16:09+03:00

The demand for hamburger can be said to be inelastic.

<h3>How to solve for the inelasticity</h3>

We have 180 - 200 / 200 ÷ 2 - 2.5/2

= - 2/5

= - 0.4

This shows us that the demand is inelastic.

<h3>What is inelastic demand?</h3>

This is when demand is said to be constant even when there are changes in the economic factors.

Read more om inelasticity here: brainly.com/question/2396092

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