--%>
Assignment Help - homework help

Where is demand perfectly price inelastic at price

For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above.

582_Price Elasticity of Demand5.png

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Exploitation-Competitive Markets The

    The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor

    		•
  • Q : Demand for Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

    		•
  • Q : Competitive Prices for selling This

    This purely-competitive producer’s generic bricks presently sell for: (i) $60 per thousand. (ii) $70 per thousand. (iii) $80 per thousand. (iv) $90 per thousand. (v) $100 per thousand.

    Q : History-AFL-CIO The amalgamation of

    The amalgamation of American Federation of Labor, representing the craft unions and the Congress of Industrial Unions, representing the industrial unions, happened in: (i) 1955. (ii) 1960. (iii) 1970. (iv) 1965. (v) 1975. Find out

    		•
  • Q : Short-run supply curve for a

    For a competitive firm, the short-run supply curve is the portion of its: (w) AVC curve that lies above the ATC curve. (x) MC curve which rises above its AVC curve. (y) MC curve which is upward sloping. (z) AFC curve which lies above the MC curve.

    		•
  • Q : Problem on implicit belief in a moral

    Can someone please help me in finding out the accurate answer from the following question. Assume that when faced with the Faustian option [that is, a deal with the devil] of torturing an naive child in the interest of securing world peace and an end to global hunger,

    		•
  • Q : Problem on law of Diminishing Returns

    Can someone help me in determining the right answer from the given options. Ozzy Osbourne consists of a weird obsession with the manner live birds taste. Though, the more birds he bites, the harder Ozzy determines it to gain more satisfaction. Ozzy’s reaction ap

    		•
  • Q : Higher prices of good-Substitution The

    The demand for Toyota Corollas will rise in response to: (i) Higher prices for Honda Civics. (ii) The decrease in price of steel. (iii) Honda offering enormous discounts to probable buyers. (iv) Technological progress for designing a car. (v) Higher safety ratings for

    		•
  • Q : Problem on market demand for chewing gum

    The market demand for the chewing gum is as: QG = 300 – 40PG – 8PS + 0.05IHere:QG = Quantity of gum demandedPG = price of gumPS = price of sodaI = average inc

    		•
  • Q : Rises price elasticity of demand for a

    The price elasticity of demand for a good will tend to rise as the: (i) number of obtainable substitutes increases. (ii) consumer income level increases. (iii) good is a less significant budget item. (iv) time permitted for response decreases. (v) ela

    		•