Which statements are true? Check all that apply.
1 answer:
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The thing that can be deduced from Gus's elasticity of demand for cupcake is that the demand for cupcakes is perfectly elastic.
<h3>What is elasticity of demand?</h3>It should be noted that elasticity of demand simply means the responsiveness to demand when there's a change in price.
Gus's elasticity of demand for cupcake is that the demand for cupcakes is perfectly elastic. This is when the percentage change in quantity demanded is infinite due to the price change.
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Answer:
Not the graph you attached to your question
Step-by-step explanation:
For sure not the graph you attached to your question, since although the general features at infinity (when x grows in absolute value) and the vertical asymptote at x=0 are not that different from the only graph you show, there are some important details that tell you this is not the correct graph:
For example, the graph of the function f(x) = 4/x for sure should show a value of "1" (one) when x is 4 :
It should also give a value of "-1" (negative one) when x is -4.
This is NOT true in the graph you attached to this question.
Please see the appropriate graph you should be looking for in the image I am attaching to this answer. And notice the value you should be able to extract from the graph when x equals 4 for example.
