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Marvin Loves Chocolate Truffles

Question 515

Multiple Choice

Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is


A) elastic.
B) unit elastic.
C) illustrated by a horizontal demand curve.
D) perfectly inelastic.

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