a result of your answer in part A. Draw a diagram for your answer. Q2. The price elasticity of demand of product X is classified as unit elastic. At the price of $9.5 per unit the quantity demanded of product X is 21. At what price per unit should product X be selling at if the quantity demanded is 19? Explain your answer. Q3. Peter likes movies but he decides that he will spend a fixed amount of $1,000 per month on movie tickets no matter what the nrice of ner movie ticket is Is Peter's.
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a result of your answer in part A. Draw a diagram for your answer. Q2. The price elasticity of demand of product X is classified as unit elastic. At the price of $9.5 per unit the quantity demanded of product X is 21. At what price per unit should product X be selling at if the quantity demanded is 19? Explain your answer. Q3. Peter likes movies but he decides that he will spend a fixed amount of $1,000 per month on movie tickets no matter what the nrice of ner movie ticket is Is Peter's.
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