maxboy0801
New member
- Joined
- Nov 9, 2005
- Messages
- 12
I am just not understanding a demand problem I have. It is multiple choice which means it should be easy, but I am just retarded.
The demand for ground chuck (hamburger) in a certain region of the United States is given by q=2.79p^-.23. Is the demand for ground chuck elastic or inelastic?
a. Inelastic
b. The demand has unit elasticity.
c. Elastic
d. None of these
Does anyone have any advise they could offer?
The demand for ground chuck (hamburger) in a certain region of the United States is given by q=2.79p^-.23. Is the demand for ground chuck elastic or inelastic?
a. Inelastic
b. The demand has unit elasticity.
c. Elastic
d. None of these
Does anyone have any advise they could offer?