Question

If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids, the demand for her orchids is

Answer

A)elastic.

B)inelastic.

C)unit-elastic.

D)perfectly elastic.

Answer 1

If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids, the demand for her orchids is inelastic. The correct option among all the options that are given in the question is the second option or option "B". I hope the answer has come to your help.