Multiple Choice
For a good that is a necessity,
A) quantity demanded tends to respond substantially to a change in price.
B) demand tends to be inelastic.
C) the law of demand does not apply.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q35: You are in charge of the local
Q125: Danita rescues dogs from her local animal
Q126: Suppose that Jane enjoys Diet Coke so
Q127: Suppose the income elasticity of demand is
Q128: Which of the following could be the
Q129: Which of the following is likely to
Q131: Suppose the price of a bag of
Q132: A city wants to raise revenues to
Q134: For a good that is a necessity,demand<br>A)tends
Q135: A city wants to raise revenues to