When the price of candy bars is $1.00,the quantity demanded is 500 per day.When the price falls to $0.80,the quantity demanded increases to 600.Given this information and using the midpoint method,we know that the demand for candy bars is
A)inelastic.
B)elastic.
C)unit elastic.
D)perfectly inelastic.

Question

Quizplus · Accepted Answer

The Answer of When the price of candy bars is $1.00,the quantity demanded is 500 per day.When the price falls to $0.80,the quantity demanded increases to 600.Given this information and using the midpoint method,we know that the demand for candy bars is
A)inelastic.
B)elastic.
C)unit elastic.
D)perfectly inelastic.

When the Price of Candy Bars Is $1