# Identify Whether the Demand is Elastic, Inelastic, or Unit-Elastic

Anonymous

Question description

suppose that the total revenue received by a company selling basketballs is \$600 when the price is set at \$30 per basketball and \$600 when the price is set at \$20 per basketball. Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range?

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