Multiple Choice
What do products such as movies,tomatoes and restaurant meals have in common?
A) They are all inferior goods.
B) They all are likely to have incomes elasticities less than one.
C) The demand for all three goods is price elastic.
D) The demand for all three goods is price inelastic.
E) They all have a small number of substitute goods.
Correct Answer:
Verified
Correct Answer:
Verified
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