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When Minced Beef Is $3 Per Kilo, Ms

Question 74

Multiple Choice

When minced beef is $3 per kilo, Ms. Rush buys 6 kilos. When minced beef is $2 per kilo, Ms. Rush buys 10 kilo. Describe Ms. Rush's demand between these two prices.


A) Unit elastic
B) Elastic
C) Inelastic
D) Perfectly elastic
E) Perfectly inelastic

Correct Answer:

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