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Brewer of dominion ale raises the price

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If the brewer of Dominion Ale raises the price of its ale from $6.99 per-six-pack to $7.99 per six pack and discovers that, as a result, revenues on the sale of its ale fell.

(a)the demand for Dominion Ale over the price change range$6.99-$7.99 is elastic

(b)the demand / / / is inelastic

(c)the supply of D.A. / / is elastic

(d)the supply of D.A. / / / is inelastic

Reference no: EM132517967

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