Answer to Question #172007 in Microeconomics for Lotanna

Question #172007

Suppose the production cost of hand sanitizers decreases. If the demand for hand sanitizers is elastic, the quantity of sanitizers sold will be?


1
Expert's answer
2021-03-17T10:09:05-0400

The quantity sold will be high since the production cost is low and the elastic demand is an indicator that the quantity demanded is high since the price is low.


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