Suppose the producer of a good determines that if the initial price of her good is $20, the quantity demanded will be 500, and if
Suppose the producer of a good determines that if the initial price of her good is $20, the quantity demanded will be 500, and if the price changes to $30, the quantity demanded is 400. What would we say about the demand curve? Selected Answer: @ Demand is inelastic. Answers: Demand is inelastic. Demand is elastic. Demand is unit elastic. I shouldn't have missed class when we were discussing this
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