Solved: Why does business face elastic unitary or inelastic demand, Finance Basics

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Why does business face elastic unitary or inelastic demand

Problem

A local paintball business receives total revenue of $8,000 a month when it charges $10 per person, and $9,600 in total revenue when it charges $6 per person. Over that range of prices, does the business face elastic, unitary, or inelastic demand?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: Why does business face elastic unitary or inelastic demand

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