Explain was demand for its hamburgers elastic or inelastic

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Q. A hamburger stand raised the price of its hamburgers from $2.00 to $2.50. As a result, its sales of hamburgers fell from 200 per day to 180 per day. Explain was the demand for its hamburgers elastic or inelastic? How can you tell?

Q. "If a married woman's husband gets a raise, she tends to work less, but if she gets a raise, she tends to work more". Evaluate the accuracy of the above statement

Reference no: EM1347340

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