Multiple Choice
The In The News article "Recession Eats into Gator Market" states that
A) The demand for alligator skins was inelastic.
B) The quantity demanded for alligator skins fell when income dropped,indicating that the skins were an inferior good.
C) The demand for alligator skins fell when income dropped,indicating that the skins were a normal good.
Correct Answer:
Verified
Correct Answer:
Verified
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