jaymariepope707 jaymariepope707
  • 24-05-2023
  • Business
contestada

The price of milk at the local grocery store is cut by 15%. In response to the price cut, the quantity of milk demanded rises by 5%. The absolute value of the price elasticity of demand for milk is ____ and the price elasticity of demand is ____
a 0.33; elastic b 3; inelastic c 3: elastic d 0.33; inelastic

Respuesta :

Otras preguntas

Maria is tossing a fair coin. She tosses the coin ten times and it lands on heads eight times. If Maria tosses the coin an eleventh time, what is the probabilit
Why are Europe's clean energy sources important to the region?
The density of mercury is 13.6 g/mL. What is the volume of a 155-gram sample of mercury?
10 lines on Good manners for class 1 student
what did fascists believe was necessary to achieve order in a society
Balance the equation : ...NO2 + ...O2 + ...H2O = ...HNO3
Which of the following tends to form a cation (positive ion) with a charge of 2+? a. Na b. O c. He d. Mg
What does tengo mean in Spanish?
How do you do 81x^2=49
You deposit $6,700 in a money-market account that pays an annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after