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    Principles of Economics
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    Exam 5: Elasticity and Its Application
  5. Question
    If a Good Is a Necessity, Demand for the Good
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If a Good Is a Necessity, Demand for the Good

Question 14

Question 14

Multiple Choice

If a good is a necessity, demand for the good would tend to be:


A) elastic
B) unit elastic
C) inelastic
D) horizontal

Correct Answer:

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