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22 March, 11:21

f the consumption of sugar does not change at all following a price increase from 49 cents per pound to 58 cents per pound, the demand for sugar is considered to be a. perfectly inelastic. b. perfectly elastic. c. unitary elastic. d. relatively inelastic.

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  1. 22 March, 12:00
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    correct option is a. perfectly inelastic

    Explanation:

    given data

    price increase = 49 cents per pound to 58 cents per pound

    solution

    when price increasing 49 to 58 cents per pound so demand of a good is to be said as perfectly inelastic

    because when the quantity demanded remain as same irrespective of change in the price of goods so that demand curve is to be vertical line here

    like as some example are baby food and medicine etc.

    so that correct option is a. perfectly inelastic
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Home » Business » f the consumption of sugar does not change at all following a price increase from 49 cents per pound to 58 cents per pound, the demand for sugar is considered to be a. perfectly inelastic. b. perfectly elastic. c. unitary elastic. d.
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