question archive A)Suppose the price elasticity of demand for cereal is -1
A)Suppose the price elasticity of demand for cereal is -1
Subject:EconomicsPrice:2.88 Bought3
A)Suppose the price elasticity of demand for cereal is -1.01. If so, is the demand for cereal is unit-elastic inelastic, or elastic?
B)In another example, assume the price elasticity of demand for a particular magazine is -1.93. Is the demand for the magazine inelastic, unit-elastic, or elastic?
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