If at a Price of $50, Ghani Sells 20 Hand-Made

question 137

Multiple Choice

If 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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