Asked by Silin
Katherine advertises to sell cookies for $4 a dozen. She sells 50 dozen, and decides that she can charge more. She raises the price to $6 a dozen and sells 40 dozen. What is the elasticity of demand? Are the cookies elastic or inelastic? Show your calculations for full marks.
I got 0.55
I got 0.55
Answers
Answered by
Sassy
0.78
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.