Norma buys and eats an apple everyday regardless of its price. Which of the following is true with regard to her demand

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Norma buys and eats an apple everyday regardless of its price. Which of the following is true with regard to her demand

Post by answerhappygod »

Norma buys and eats an apple everyday regardless of its
price. Which of the following is true with regard to her demand for
apples?
a. price elasticity of demand is 1
b. price elasticity of demand is greater than 1
c. price elasticity of demand is less than 1
d. price elasticity of demand is 0
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”