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Demarcus Says That He Will Spend Exactly $25 Each Month

Question 88

Multiple Choice

Demarcus says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Demarcus's demand for apps is


A) perfectly elastic.
B) unit elastic.
C) perfectly inelastic.
D) somewhat inelastic, but not perfectly inelastic.

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