Multiple Choice
If the market demand for oranges is relatively inelastic with respect to price, orange consumers:
A) will buy fewer oranges at any higher price but will spend more money on oranges.
B) will buy fewer oranges at any higher price and will spend less money on oranges.
C) will buy more oranges at any higher price.
D) pay no attention to price in their purchasing decisions.
Correct Answer:
Verified
Correct Answer:
Verified
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