--%>

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 : Procedure of substituting complicated

    The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) bionic engineering. (3) scientific management. (4) robotics. (5) industrial sabotage. How can I solve my

  • Q : Proprietorships-partnerships and

    The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on: A) generally accepted accounting principles. B) legal considerations. C) the judg-ment of the American Economic Association. D) an executive order of th

  • Q : Illustration of Cartels The

    The Organization of Petroleum Exporting Countries (OPEC) is an illustration of: (w) a monopoly. (x) monopolistic competition. (y) a cartel. (z) decentralized communism. Can someone explain/help me with best solution about problem o

  • Q : Demand curve for peanuts Question: a)

    Question: a) Johnny consumes peanuts (x1) and a composite good (x2). His utility function is U = x1x2. His marginal utilities are MU1 = x<

  • Q : Problem regarding Craft Unions Can

    Can someone help me in finding out the right answer from the given options. The craft unions historically tried to systematize all the workers in: (1) A specific company, in spite of size. (2) The United States. (3) The specific broad industry. (4) Relatively highly s

  • Q : Effect of higher price for normal good

    Let consider the law of demand. The idea that the higher price for a normal good will outcome in less of good being purchased never based logically on the: (1) Income effect, by which the higher price decreases the purchasing power of the income. (2) Demand for good f

  • Q : Long Run-Firm can vary all inputs I

    I have a problem in economics on Long Run-Firm can vary all inputs. Please help me in the following question. In long run: (1) Firm can vary all the inputs. (2) Firm can vary few inputs, however not all. (3) Capital starts to depreciate. (4) Output increases.

  • Q : Normative Economics and Income

    The fundamental economic question probably to generate answers heavily based into debatable value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods society chooses to produce? (3) to whom will the goo

  • Q : Marginalism- Economists believe in

    I have a problem in economics on Marginalism- Economists believe in rational decisions. Please help me in the following question. Economists believe that the rational decisions are generally made: (i) At margin. (ii) On an average. (iii) Based on tota

  • Q : Income elasticity of positive and

    This given figure as in below demonstrates how consumption of goods A, B, C and D varies like a family’s income changes. Since income rises, the income elasticity of demand is positive and increasing for: (w) good A. (x) good B  (y) good C.