At a Price of $50, Ghani Sells 20 Hand-Made Leather

question 111

Multiple Choice

At a price of $50, Ghani sells 20 hand-made leather cell-phone covers, but at a price of $60, zero units are sold. Based on this information, the demand for his cell-phone covers is

• A) elastic or perfectly inelastic
• B) elastic or perfectly elastic.
• C) unit-elastic.
• D) perfectly inelastic.

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