Multiple Choice
Nita is a devoted Coca-Cola consumer,whereas Becky can drink either Coca-Cola or Pepsi products.Nita's demand for Coca-Cola will be relatively more ________,while Becky's demand will be relatively more ________.
A) elastic; inelastic
B) unrelated to price; elastic
C) perfectly elastic; elastic
D) inelastic; elastic
E) unitary elastic; inelastic
Correct Answer:
Verified
Correct Answer:
Verified
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