You own a small store. your cashier thinks you should raise prices to increase your total revenue and your customer thinks you should lower prices to increase your total revenue. the cashier thinks the price elasticity of demand is and the customer believes the price elasticity of demand is

Based on the scenario above, the customer thinks the price elasticity if demand is inelastic and that the customer believes that the price elasticity of the demand is elastic. Elastic is being defined as a way of having buyers and sellers to change in regards to price change for a certain good or service while inelastic is being defined as the supply or quality being demanded is not being affected.

1: b     the use of non-standard grammar

2: c     strong and willful.

its correct i took the test have a nice day: )

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi