1.A company will never operate:

(i) In the elastic part of the demand

(ii) In the inelasticpart of the demand

(iii) In the unit elastic part of the demand

2.Last weekend, Florida farmers threw bananas at the monkeys (and the monkeys made faces at them). Limiting the production of bananas is a good idea for these farmers if we are:

(i)In the elastic part of the demand.

(ii) In the inelastic part of the demand

(iii) In the unit elastic part of the demand.