Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A. Gus buys cupcakes every Saturday morning. When he walks into the bakery, he always orders by saying, "Give me $10 worth of cupcakes." What does this tell you about Gus's elasticity of demand for cupcakes?

B. Use the graph believe to illustrate Gus’ demand for cupcakes. This line should only contain the two endpoints (X axis is quantity of cupcakes 0-25 going by 5s, Y axis is Price of cupcakes 0-6 going up by 2)

Sagot :

The thing that can be deduced from Gus's elasticity of demand for cupcake is that the demand for cupcakes is perfectly elastic.

What is elasticity of demand?

It should be noted that elasticity of demand simply means the responsiveness to demand when there's a change in price.

Gus's elasticity of demand for cupcake is that the demand for cupcakes is perfectly elastic. This is when the percentage change in quantity demanded is infinite due to the price change.

Learn more about demand on:

brainly.com/question/1245771

#SPJ1

View image topeadeniran2
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.