Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound. At this price, the demand for coffee is:

Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound. At this price, the demand for coffee is:

A.unit elastic.

B.inelastic.

C.elastic.

D.perfectly inelastic.

正确答案:unit elastic.