If a 2424 percent increase in the price of Cheerios causes a 2727 percent reduction in the number of boxes of cereal demanded, the price elasticity of demand for Cheerios is minus−nothing. (Enter your response rounded to two decimal places.) The demand for Cheerios is

a. inelastic unit −elastic
b. elastic .

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?