djdkfkfkckmfmf9919
20.07.2021 •
Business
Suppose the demand for cherries sold from roadside stands in Michigan is perfectly elastic. The owner of one roadside stand raises the price of cherries by 10%, as a result 1 point A. Zero cherries are sold at this stand. B. No change in the quantity demanded at this stand. C. A 10% decrease in the quantity demanded at this stand. D. A 10% increase in the quantity demanded at this stand. E. All available cherries will be sold.
Solved
Show answers
More tips
- F Food and Cooking 10 Reasons Why You Should Avoid Giving Re-Gifts: An Informative Guide...
- F Family and Home How to Sew Curtain Tapes: Best Tips from Professionals...
- A Animals and plants How to Grow Lime from a Seed: Simple Tips and Interesting Facts...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- E English Comprehension the questions below refer to the selection and “from towards a true refuge. according to towards a true refuge, a selfish attitude gives rise to: a. kindness...
- E English Write an informative paragraph detailing what the scam is about. Who was apart of the scam? What were they caught doing? Why is it a big deal? Who does it effect? What...
- H History Who are the major innovators of the 19th centry to the early twentith century...
- E English Select the Sentence that uses semicolons correctly A. The grand canyon is a popular destination for many reasons: it has beautiful views; it has different hiking trails,...
Ответ:
A
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
it is in perfectly competitive markets that demand is perfectly elastic
Ответ: