macroeconomics

posted by .

the price of hot dogs changes by 22% and the quantity of hot dogs demanded changes by 25%. This indicates that demand for hot dogs is
a.elastic b.inelastic c.unit elastic d.perfectly elastic

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Ecconomics

    Price elasticity of demand.Tell whether is elastic,perfectly inelastic,perfectly elastic, inelastic,or unit elastic. And what would happen to total revenue if a firm raised its price in each elasticity range identified.a.Ed=2.5 b.Ed=1.0 …
  2. economics

    Identify three goods each for which your demand is (a) elastic or (b) inelastic. What accounts for the differences in elasticity?
  3. Economics: Price Elasticity

    Please check my answers whether they are correct or not. If not, please help me why they are wrong. Thank you. Question 1: Point: A (300, 1000) Point B: (200, 1200) According to the midpoint method, the price elasticity of demand for …
  4. home economics

    Suppose that 200 gallons of gasoline are demanded at a particular price. If the price drops by 1 percent, the quantity demanded of gasoline increases to 200.5 gallon. which of the following statement is true?
  5. Math

    A vendor sold 2/3 of his hot dogs in the morning and 1/6 in the afternoon. He sold 200 hot dogs altogether. How many hot dogs does he have left?
  6. Economics are these correct

    Are these correct? Thanks, Answer is next to number of question C 1. Which of the following is consistent with the law of supply?
  7. Educational technology and online learning

    Which of the following sets is data would be represented best in a bar graph?
  8. Algebra

    On a given day, a vendor made less than $40 from hot dog and pretzel sales. The inequality graphed below represents the number of hot dogs (x) and pretzels (y) he could have sold and made less than $40. Which combination of hot dogs …
  9. Math

    A company runs food service concessions for sporting events throughout the country. Their marketing research department chose a particular football stadium to test market a new jumbo hot dog. It was found that the demand for the new …
  10. tech AGAIN

    3) Which of the following sets of data would be represented best in a bar graph?

More Similar Questions