When the price of used cds is $4, Daphne buys five per month. when the price is

Question:

When the price of used cds is $4, Daphne buys five per month. when the price is $3, she buys nine per month. Daphne's demand for used cds is
a. Elastic and her demand curve would be relatively flat
b. Elastic and her demand curve would be relatively steep
c. Inelastic and her demand curve would be relatively flat
d. Inelastic and her demand curve would be relatively steep
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 978-0321866349

14th canadian Edition

Authors: Christopher T.S. Ragan, Richard G Lipsey

Question Posted: