Novel translated into english is perfectly inelastic

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Suppose the demand for a Czech novel translated into English is perfectly inelastic. Assume the initial price of the translated novel is ?$21.00 and the quantity demanded is _______ copies per year.

If the price of the translated novel increases by ?$2.00, then the quantity demanded will be 976 copies per year. ?

Next, suppose the demand for a mystery novel by Stephen King is infinitely elastic. In this? example, assume the initial price of the novel is ?$30.00 and the quantity demanded is 52 thousand copies per year.

If the price of the mystery novel increases by $3.00?, then the quantity demanded will be _______ copies per year.

Reference no: EM131244677

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