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You own a vegan bakery where you sell zucchini muffins and gluten-free carrot cake. Last week your muffins sold for $9.00 each and you sold
You own a vegan bakery where you sell zucchini muffins and gluten-free carrot cake. Last week your muffins sold for $9.00 each and you sold 40 per week; this week you lowered the price to $8.00 and sold 46 per week. Last week your carrot cake sold for $13 and you sold 70; this week you lowered the price to $12 and you sold 75. Which is correct? Multiple Choice The demand for both muffins and carrot cake is elastic (each one is elastic) Only the demand for muffins is elastic Only the demand for carrot cake is elastic Neither the demand for muffins nor the demand for carrot cake is elastic
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