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Business, 25.10.2019 06:43 rave35

Use the following scenario to answer the questions that follow:
dairy dream, a local ice cream store, finds that it sells out of ice cream sandwiches at the current price of $1. it raises the price to increase its revenues and finds that no one buys ice cream sandwiches anymore.
the demand for ice cream sandwiches is:
a. inelastic.
b. elastic.
c. perfectly inelastic.
d. perfectly elastic.
e. unitary elastic.

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Use the following scenario to answer the questions that follow:
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