Multiple Choice
Suppose that the price elasticity of demand for bottled water in Sackville,New Brunswick is 1.5,and the price elasticity of demand for bottled water in Prince Albert,Saskatchewan is 0.8.The demand for bottled water in Sackville is ________ and demand for bottled water in Prince Albert is ________.
A) unit elastic;unit elastic
B) perfectly elastic;inelastic
C) inelastic;elastic
D) elastic;inelastic
E) elastic;unit elastic
Correct Answer:
Verified
Correct Answer:
Verified
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