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Suppose Your Annual Income Is $65 000 and Your Favourite

Question 64

Multiple Choice

Suppose your annual income is $65 000 and your favourite TV Guide magazine costs you $28 a year.Your demand for the TV Guide magazine is likely to be

A) perfectly elastic.
B) inelastic.
C) unit elastic.
D) elastic.
E) elastic -- the same as your demand for all other goods.

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