Multiple Choice
Residents of Leon County have developed a strong liking for barbeque pork sandwiches. Residents of Bay County buy the same amount of barbeque pork sandwiches but believe beef sandwiches are just about as good. From this, we can infer that
A) residents of Leon County will not care what the price of barbeque pork sandwiches is.
B) compared to residents of Leon County, residents of Bay County will have a smaller price elasticity of demand for barbeque pork sandwiches.
C) compared to residents of Leon County, residents of Bay County will have a larger price elasticity of demand for barbeque pork sandwiches.
D) residents of Leon County will increase their purchases by a larger amount for beef sandwiches than residents of Bay County in response to a "50 cents off" sale on beef sandwiches.
Correct Answer:
Verified
Correct Answer:
Verified
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