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Kindly give brief explanation per answer in the ff. numbers 11. The graph here illustrates A. Elastic 100 a condition of B. Inelastic demand Price

Kindly give brief explanation per answer in the ff. numbers

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11. The graph here illustrates A. Elastic 100 a condition of B. Inelastic demand Price (dollars) 0.50 C. Unit-elastic 1,000 2.000 D. Perfectly elastic Quantity (millions) 12. Suppose that the price elasticity of supply for mayonnaise A. Increase by 3% is 0.2. If the price of mayonnaise increases by 30%, what B. Increase by 5% would we expect to happen to the quantity of mayonnaise C. Increase by 60% supplied? D. Increase by 6% 13. Normally, a supermarket sells 100 tomatoes per day and A. 117 the price elasticity for tomatoes is 1.7. If the price of B. 85 tomatoes decreases by 10%, how many tomatoes will the C. 100 supermarket sell per day? D. 101.7 14. The cross-price elasticity of demand can tell us whether A. normal or inferior goods are B. elastic or inelastic C. luxuries or necessities D. complements or substitutes 15. Which is the following income elasticities could A. 0.5 correspond to a normal good that is income inelastic? B. 1.5 C. -1.5 D. -0.5

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