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Luden [163]
3 years ago
11

When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici

ty of demand between erasers and pencils is ________ because erasers and pencils
Business
1 answer:
xeze [42]3 years ago
3 0

Answer:

Perfectly Inelastic

Explanation:

Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

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Answer:

Option d is the right one.

Explanation:

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4 years ago
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2 years ago
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Answer:

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This year, the Tastee Partnership reported income before guaranteed payments of $161,500. Stella owns a 40% profits interest and
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Answer

The answer and procedures of the exercise are attached in the image below.  

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