--%>

Demand rises for relatively price elastic

Alyssa’s Floral Shoppe dropped its prices for a dozen roses by $45 to $35 this annum. Due to this decrease into price, the quantity sold increased from 1000 to 1500. The demand for Alyssa’s rises is: (1) perfectly price elastic. (2) relatively price elastic. (3) unitarily price elastic. (4) relatively price inelastic. (5) perfectly price elastic.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Problem on monopolistically competitive

    Refer to the given diagram for a monopolistically competitive firm give the answer of following question. Long-run equilibrium price will be: 1) above A. 2) EF. 3) A. 4) B.

    Q : Burgeoning probably interest rate The

    The interest rate will most likely rise when: (1) households decide to delay consumption, causing the loanable funds accessible for business investments to raise. (2) investors become more optimistic into relation with the profitability of investment.

  • Q : Best illustration of an oligopoly The

    The best illustration of an oligopoly is: (1) guaranteed next-day delivery of packages and mail. (2) cranberry production. (3) all the local electric utility companies in New England. (4) the United Autoworkers [UAW] union. (5) Wal-Mart.

  • Q : Industry demand curve identity

    Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. When Babble-On is a pure monopoly, such firm confro

  • Q : Completely elastic price of demand On

    On such demand curve, the demand for DVD games is completely elastic at a price of: (w) $50. (x) $25. (y) $20. (z) None of the above.

    Q : Union Shop Agreements The union shop

    The union shop agreement needs that the worker: (1) Join the labor union prior to beginning to work. (2) Pay union dues even when selecting not to join union. (3) Join the union soon subsequent to being hired. (4) Freely select to join or not join union.

  • Q : Shut down point of profit maximizing

    A profit maximizing competitive firm will shut down within the short run when: (w) prices do not cover average total costs. (x) this loses money on each unit of output. (y) price falls below the minimum of its AVC curve. (z) fixed costs exceed margina

  • Q : Define revenue deficit Revenue deficit:

    Revenue deficit: Whenever revenue expenses are greater than revenue receipts, it is termed as revenue deficit.

  • Q : Profit Maximization in Labor Markets

    Each and every profit maximizing organizations employ labor up to the point where: (1) VMP = w. (2) MRP = MFC. (3) VMP = MRP. (4) VMP = MFC. (5) MR MC is maximized. Can someone please help me in finding out the accurate answer from

  • Q : Spending on rail safety ‘How be

    ‘How be supposed to the government decide whether to spend in additional rail safety measures?’