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Fred's Income Increases from $1,950 Per Week to $2,050 Per

Question 94

Multiple Choice

Fred's income increases from $1,950 per week to $2,050 per week.As a result,he decides to increase the number of movies he attends each month by 10 percent.Fred's demand for movies is


A) price elastic.
B) price inelastic.
C) income elastic.
D) income inelastic.
E) income inferior.

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