Essay
Under which of the following two scenarios would demand for hot dogs be more elastic? Explain.
(a)You are at a hockey game at the local ice rink and want to eat a hot dog.
(b)It is Tuesday,you are planning the menu for a picnic you are going to have on Saturday and you decide to serve hot dogs.
Correct Answer:

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Demand for hot dogs will be more elastic...View Answer
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Correct Answer:
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