Answer :
Final answer:
Ms. Rush's demand for minced beef is elastic, meaning that she is responsive to changes in price. When the price decreases from $3 to $2 per kilo, her quantity demanded increases from 6 kilos to 10 kilos.
Explanation:
To describe Ms. Rush's demand between the two prices of minced beef, we can analyze how her quantity demanded changes with the price. When the price is $3 per kilo, she buys 6 kilos. When the price decreases to $2 per kilo, she buys 10 kilos. Based on the law of demand, we can conclude that Ms. Rush's demand for minced beef is elastic.
When the price decreases from $3 to $2 per kilo, Ms. Rush's quantity demanded increases from 6 kilos to 10 kilos. This indicates that she is responsive to changes in price and is willing to buy more minced beef when the price is lower. The elasticity of demand means that the percentage change in quantity demanded is greater than the percentage change in price.
Ms. Rush's demand for minced beef is elastic because she is sensitive to changes in price. If the price were to decrease further, it is likely that her quantity demanded would increase even more. On the other hand, if the price were to increase, her quantity demanded would likely decrease.
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