Multiple Choice
A 10 percent increase in the cost of restaurant meals, which are a luxury, will most likely
A) increase the purchase of meals by 10 percent.
B) increase the purchase of meals by less than 10 percent.
C) decrease the purchase of meals by more than 10 percent.
D) decrease the purchase of meals by less than 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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