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)

Question

Mathematics

Answered

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)

Answer :

Go Question: Other Questions

5. Compound Interest - Single Payment: $5000 Was Invested At 5.2%, Compounded Semi-annually, For 3 Years. What Was The Investment Worth At Its Maturity? (3)

In First Gear, Or Low Gear, An Automobile's Engine Runs About Three Times As Fast As The Drive Shaft. In Second Gear, The engine Does Not Have To Run As Fast; U

Suppose Follows The Standard Normal Distribution. Use The Calculator Provided, Or This Table, To Determine The Value Of So That The Following Is True. Carry You

(9⋅10 9 )⋅(−2⋅10 −3 )=left Parenthesis, 9, Dot, 10, Start Superscript, 9, End Superscript, Right Parenthesis, Dot, Left Parenthesis, Minus, 2, Dot, 10, Star

1) Calculate The Empirical Formula For A Chemical Compound That Gives The Following Analysis: 66.6 G Titanium And 33.4 G Oxygen. a) Ti_2O_3 b) Ti_2O c) TiO_3 d)

The Following Lines Are ______ 4x + 2y = 10 Y = -2x + 15

Read The Following Paragraph And Answer The Question: "In Today's schools, There Are Many Accounts Of Violence And Bullying As A Result of What Students Are Wea

Mention The Stages Of Conflict Management.

Ram Sold To Shyam An Article With 20% Profit. Shyam Sold Same Article For Rs. 504 With 5% Profit To Ghanashyam. How Much Did It Cost For Ram?please Do This With

Decide Whether Each Proposed Multiplication Or Division Of Measurements Is Possible. If It Is Possible, Write The Result In The Last Column Of The Table.

Find The Probability Of Rolling A Sum Less Than 5 Or A Sum Greater Than 7 When A Pair Of Dice Is Rolled.

Dubey Companies Incorporated Reported The Following Accounts And Amounts (in Millions) In Its Financial Statements For The Year Ended November 30, 2018. Account

TOPEADENIRAN2GO TOPEADENIRAN2GO · Answer 1

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