21 Jul IS DEMAND ELASTIC OR INELASTIC OVER THIS PRICE RANGE?
s 9-year old entrepreneur. His most recent venture is sellin Show more Danny Dimes Donahue is a neighborhoods 9-year old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $2 each he sells 250. At a price of $1.5 each he sells 300. Instructions: Round your answer to one decimal place. Elasticity of demand is . Is demand elastic or inelastic over this price range? Demand is (Click to select)elasticinelastic over price range. If demand had the same elasticity for a price decline from $1.5 to $1 as it does for the decline from $2 to $1.5 would cutting the price from $1.5 to $1 increase or decrease Dannys total revenue? Cutting the price from $1.5 to $1 will (Click to select)increasedecrease Dannys total revenue Show less
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