Unitarily elastic for all prices and quantities

On such demand curve for pizza as in below demonstrated graph, there demand is: (w) elastic for all prices and quantities demonstrated. (x) unitarily elastic for all prices and quantities shown. (y) elastic at high prices and inelastic at low prices. (z) inelastic at all prices and quantities demonstrated.

460_pizza budgets graph.png

Hey friends please give your opinion for the problem of Economic that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Optimization and Heuristics Can someone

Can someone help me in finding out the right answer from the given options. No one can execute all the mental gymnastics essential to perfectly process information and hence all their decisions are mathematically optimal, therefore most of the people rely heavily on m

Q : What is market Give the answer of

Give the answer of following question .A market: A) reflects upsloping demand and downsloping supply curves. B) entails the exchange of goods, but not services. C) is an institution that brings together buyers and sellers. D) always requires face-to-face contact betwe

Q : Define normal goods Normal goods:

Normal goods: Normal goods are such goods whose demand increases with the increase in income of consumer.

Q : Problem on Horizontal Integration I

I have a problem in economics on Horizontal Integration. Please help me in the following question. McDonalds makes hamburgers at a number of various locations. This is an illustration of a: (i) Horizontally integrated firm. (ii) Monopoly. (iii) Vertic

Q : Relatively price elastic demand for

If a change in the supply of a good results within a percentage change into quantity demanded which exceeds within absolute value the percentage change within price, in that case demand is relatively: (i) price elastic. (ii) inferior. (iii) normal. (i

Q : Freedom of entry and exit Typical firms

Typical firms in an industry can’t expect to produce economic profit in the long run when the industry has: (1) decreasing costs of production as the number of firms in the industry changes. (2) market demand exceeding the minimum average variab

Q : Question based on balance sheets Help

Help me to solve this problem. Refer to the given balance sheets. If the reserve ratio is 25%, the maximum money-creating potential of the commercial banking system is: A) $36. B) $17. C) $48. D) $24.

Q : Short run market supply curve for a good

A short run market supply curve for a good manufactured within a purely competitive industry is derived through: (w) vertically summing the marginal cost curves above the AVC curves for all firms which may potentially enter the industry. (x) adding to

Q : Alpha's and Beta's profits Refer to the

Refer to the below diagram where the numerical data illustrates profits in millions of dollars. Beta's profits are illustrated in the northeast corner and Alpha's profits in the southwest corner of each cell. If Alpha and Beta engage in collusion, the outcome of the g

Q : Monopolist in the long run Within the

Within the long run, here a monopolist: (w) will produce a positive economic profit. (x) will produce an economic profit of zero. (y) may incur an economic loss. (z) will produce an economic profit of zero or greater.

Discover Q & A

Leading Solution Library

Avail More Than 1451094 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929201
Asked

3,689

Active Tutors

1451094

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment