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Why is your answer right? Considering The market broiler (P-MC)/P=1/|E|. WHAT IS THE FALL STEAMER? SELECT ONE: A. You should never use the market for
Why is your answer right? Considering The market broiler (P-MC)/P=1/|E|. WHAT IS THE FALL STEAMER?
SELECT ONE:
A. You should never use the market for it when in the inelastic part of the demand curve.
B. You can use the Marc approval regardless of whether or not you are in the inelastic or elastic part of the demand curve.
c. As the elasticity of demand gets larger (more elastic), The mark up is smaller.
d. As the elasticity of demand gets larger (more inelastic), The market is greater.
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