3. If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic? 4. Will a perfectly elastic supply curve be vertical, horizontal, or upward- sloping? 5. What...

Please answer these for me. Thanks3. If the price elasticity of demand is<br>equal to 0.5, is demand elastic,<br>inelastic, or unitary elastic?<br>4. Will a perfectly elastic supply curve<br>be vertical, horizontal, or upward-<br>sloping?<br>5. What price elasticity of supply will<br>lead to a smaller increase in<br>quantity when price changes-<br>elastic, inelastic, or unitary elastic?<br>

Extracted text: 3. If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic? 4. Will a perfectly elastic supply curve be vertical, horizontal, or upward- sloping? 5. What price elasticity of supply will lead to a smaller increase in quantity when price changes- elastic, inelastic, or unitary elastic?

Jun 08, 2022
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