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

Question 43

Question 43

Multiple Choice

If a good is very inexpensive but is a necessity,you predict that demand for the good:


A) is price-elastic.
B) is price-inelastic.
C) is price unit-elastic.
D) has indeterminable price elasticity.

Correct Answer:

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