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Gekata [30.6K]
3 years ago
12

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $15 per basketball and

$600 when the price is set at $10 per basketball. without using the midpoint formula, identify whether demand is elastic, inelastic, or unit-elastic over this price range.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
6 0
I think the answer is <span>unit-elastic over this price range.  This happens  when a company earns the same revenue even with some slight changes on the prices. It means that slight increase or even decrease in price does not affect the revenue of the company.</span>
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Explanation:

may this answer is helpful for you

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3 years ago
Costco has started its operations in China through an e-commerce partnership with Alibaba. Which method of expanding internation
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Answer:

C. Importing, exporting and countertrading

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3 years ago
McCoy's Fish House purchases a tract of land and an existing building for $990,000. The company plans to remove the old building
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$ 1,001,800

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Closing cost: 2,900

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Total cost of land= 990,000+2,900+8,900=   1,001,800

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