Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound. At this price, the demand for coffee is:
Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound. At this price, the demand for coffee is:
A.unit elastic.
B.inelastic.
C.elastic.
D.perfectly inelastic.
正确答案:unit elastic.
Tag:微观经济学 中国大学MOOC微观经济学
时间:2021-12-11 14:33:52
- 上一篇:Refer to the table below. Based on their comparative advantage, Martha should specialize in _ while Julia should specialize in _.
- 下一篇:Suppose that Chris had been charging $1.00 per pound for potatoes. When Chris lowered the price to $0.90 per pound, his total revenue fell. When Chris raised the price to $1.10, total revenue also fell. Which of the following could explain this?