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The Demand for a Cup of Coffee Is _____ Price

Question 21

Multiple Choice

The demand for a cup of coffee is _____ price elastic than the demand for a dinner at a fancy restaurant because a cup of coffee _____.


A) more; requires a smaller portion of one's income
B) less; requires a smaller portion of one's income
C) less; is more of a luxury
D) more; is more of a luxury

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