Refer to Shushmann Art Studios. Referring to the elasticity calculated above, at this price and demand range, are picture frames.

	a.	Semi-elastic
	b.	Unitary elastic
	c.	Inelastic
	d.	Elastic
	e.	Cross-elastic

Variable cost is a constant $22 per unit and the Fixed cost is $26,000 In reporting numerical values, do not use any symbols (such as spaces, commas, dollar signs, etc...), other than decimal points