Sonik, a Local Wireless Phone Company, Tested the Effect of a Price

question 15

Essay

Sonik, a local wireless phone company, tested the effect of a price reduction for text messaging.It lowered prices from $0.08 to $0.04 per message and found that the number of messages sent tripled.This means:
A.the demand for text messaging is inelastic in this price range.
B.the demand curve for text messaging shifted to the right.
C.the supply curve of text messaging shifted to the left.
D.the demand for text messaging is elastic in this price range.

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Definitions:

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Members of the Catholic Church residing in France, historically significant for their role in the country's religious and political life.

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Fundamental entitlements or freedoms that are guaranteed to individuals, typically encompassing civil and political rights such as freedom of speech, the right to a fair trial, and the right to privacy.

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