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    If a Good Is Very Inexpensive, but It Is a Necessity
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If a Good Is Very Inexpensive, but It Is a Necessity

Question 287

Question 287

Essay

If a good is very inexpensive, but it is a necessity, you would predict that demand for the good is:
A.is price-elastic.
B.is price-inelastic.
C.is price unit-elastic.
D.has indeterminable price elasticity.

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