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Daniel Danys Gonzlez is a 9-year-old entrepreneur from an Orocovis neighborhood. His newest venture is selling homemade brownies that he bakes himself. At a price
Daniel "Danys" Gonzlez is a 9-year-old entrepreneur from an Orocovis neighborhood. His newest venture is selling homemade brownies that he bakes himself. At a price of $ 1.50 each, he sells 100. At a price of $ 1.00 each, he sells 300. Is demand elastic or inelastic in this price range? If demand had the same elasticity for a price decrease from $ 1.00 to $ 0.50 as for a decrease from $ 1.50 to $ 1.00, would we reduce the price from $ 1.00 to $ 0, 50 would increase or decrease Danny's total income?
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