Courses Econ 1150 A10 Summer 2022 Week 9 Exercise Ato In A Cool Summer Den Larry An Ice Cream Store Can Sell 50 I 1 (28.13 KiB) Viewed 10 times
Courses Econ 1150 A10 Summer 2022 Week 9 Exercise Ato In A Cool Summer Den Larry An Ice Cream Store Can Sell 50 I 2 (28.13 KiB) Viewed 10 times
courses ECON 1150 A10 SUMMER 2022 Week 9 Exercise (ATO) In a cool summer, "Den&Larry", an ice cream store, can sell 50 ice cream cones per day, at a price of 3 each. During a hot summer, the store has increased the price to 5 each, and 40 ice cream cones are sold per day. Which of the following is correct? O a. The demand of "Den&Larry" ice cream cones is inelastic O b. We cannot know the price elasticity of demand because the supply curve has shifted O c. The price elasticity of demand is 0.444 O d. We cannot know the price elasticity of demand because the demand curve has shifted
courses ECON 1150 A10 SUMMER 2022 Week 9 Exercise (ATO) In a cool summer, "Den&Larry", an ice cream store, can sell 50 ice cream cones per day, at a price of 3 each. During a hot summer, the store has increased the price to 5 each, and 40 ice cream cones are sold per day. Which of the following is correct? O a. The demand of "Den&Larry" ice cream cones is inelastic O b. We cannot know the price elasticity of demand because the supply curve has shifted O c. The price elasticity of demand is 0.444 O d. We cannot know the price elasticity of demand because the demand curve has shifted
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