business
posted by jward1970 .
Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about your price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic? Be sure to show the work you used to support your answer

You need to let us know what YOU THINK the answers to these questions are. Then someone here will be happy to help you.
Respond to this Question
Similar Questions

economics
Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about … 
math
The price of 10 pounds of apples is d dollars. If the apples weigh an average of 1 pound for every 6 apples, which of the following is the average price, in cents, of a dozen such apples? 
Economics
If the price of apples rises from $3.50 a pound to $4.00, and my consumption of apples drops from 30lbs. of apples to 20lbs.; what would be the price elasticity of demand of apples. My figures are all wrong; how would I calculate it. 
Economics
The question is, what is the for Math formula to show rather the demand of apples is Elastic, Inelastic, or Unitary Elastic Thank You Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops … 
algebra
A Michigan orchard made 14,757lb of taffy apples wih aproximately 1 lb of taffy mixtures for each 67.1 pounds of apples. TO the nearest tenth of a pound, how many pounds of apples and how many pounds of taffy were used? 
math
A michigan orchard made 11,491lb of taffy apples with approximately 1lb of taffy mixture for each 76.7 pounds of apples. To the nearest tenth of a pound, how many pounds of apples and how many pounds of taffy were used 
Math help
You buy 3 pounds of organic apples for $7.50. The graph shows the price for regular apples. What is the unit rate for each type of apples? 
math
Q1.The zoo uses 10 pounds of apples each day. How many pounds of apples should be on the weekly grocery list? 
Math
A store has apples on sale for $3.00 for 2 pounds. How many pounds of apples can you buy for $9.00? 
Math
Manuel bought 9 pounds of apples. He has eaten three fourths of a pound so far and hasâ€‹ $15 worth of apples left. Write and solve an equation to find the cost of the apples per pound to the nearest dollar. How much did the apples …