e. When the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, demand is
multiple choice 1
elastic.
inelastic.
perfectly elastic.
unit-elastic.
f. When the price of sunscreen is in the range of $4.00 per bottle to $2.00 per bottle, demand is
multiple choice 2
perfectly elastic.
inelastic.
elastic.
unit-elastic.
g. Total revenue for sunscreen is maximized at a price of
multiple choice 3
$4.00.
$2.00.
$8.00.
$6.00.
h. When total revenue for sunscreen is maximized, demand is
multiple choice 4
perfectly elastic.
inelastic.
elastic.
unit-elastic.