Sara's Strawberry Market maximizes its total revenue by selling strawberries for $1.25 a basket. At a price of $1.25, you predict that ________
A) the demand for strawberries is inelastic
B) Sara's sells most of the strawberries that she grows
C) the demand for strawberries is elastic
D) the demand for strawberries is unit elastic
D
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What's the dominant strategy for each firm?
a. Charge a low price b. Charge a high price c. Firm A charge a low price and firm B charge a high price d. Firm A charge a high price and firm B charge a low price
If men, on average, earn 20 percent more than women in a particular occupation,
a. this is clear evidence of discrimination b. some of this differential could be due to differences in human capital c. most but not all of the differential is due to discrimination d. comparable worth laws must not be in effect e. men must have higher skills levels than women
The United States has less income inequality than most other developed countries
a. True b. False Indicate whether the statement is true or false
Development assistance is designed to spur population growth in poor countries
a. True b. False Indicate whether the statement is true or false