Business

Guest

9 June, 08:55

An economist recently estimated that for every 1% increase in the price of fries at fast food restaurants, 0.44 percent fewer french fries are sold. This indicates that the demand for fast food french fries is

a. inelastic

b. unit-elastic

c. elastic.

d. perfectly inelastic

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “An economist recently estimated that for every 1% increase in the price of fries at fast food restaurants, 0.44 percent fewer french fries ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Does average income usually mean personal income or household income?

The attractiveness test for evaluating whether diversification into a particular industry is likely to build shareholder value involves determining whether A.

A managed mutual fund: a) Invests in a published list of stocks like the S&P 500 b) Has a higher expense ratio than an index fund c) Can only invest in 1 asset class d) All the above

What three elements do all macromolecules share

You are reading a particular section of a bankâ€™s annual report. This section provides the bankâ€™s views about the impact of an upcoming regulation on the banking industry as a whole and the bank in particular.

New Questions in Business

Green Frog is an environmentally friendly firm in the cosmetics industry that has decided to undertake a strategic planning project.

Mike and Sara are both from the same country and share the same culture. The communication that takes place between them would be classified as: a. intracultural communication. b. intrapersonal communication. c. ethnocentric communication. d.

With a traditional savings account, you could be charged a fee if: AYou deposit too much money at once BYou open an account online CYou withdraw money too often DYou close the account

Most communication roadblocks are associated with which type of communication style? Assertive Passive Passive aggressive Aggressive

Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,000 in cash receipts and $130,000 in cash disbursements during August.