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Use the Table Below to Answer the Following Questions

Question 28

Multiple Choice

Use the table below to answer the following questions.
Table 4.2.2 Use the table below to answer the following questions. Table 4.2.2 -Refer to Table 4.2.2.All of the following statements regarding Jolt are true except A) it has an elastic demand. B) it is an inferior good. C) it is a substitute for Coke. D) it has a negative cross elasticity of demand with respect to the price of Coke. E) it has a negative income elasticity of demand.
-Refer to Table 4.2.2.All of the following statements regarding Jolt are true except


A) it has an elastic demand.
B) it is an inferior good.
C) it is a substitute for Coke.
D) it has a negative cross elasticity of demand with respect to the price of Coke.
E) it has a negative income elasticity of demand.

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