Multiple Choice
If the price elasticity of demand within the price range from R10 to R12.50 per kilogram for carrots is 0.79 and for radishes is 1.6, then within that price range
A) demand for carrots is more price elastic than that for radishes.
B) demand for radishes is more price elastic than that for carrots.
C) carrots and radishes must be substitute goods.
D) carrots and radishes must be complementary goods.
Correct Answer:
Verified
Correct Answer:
Verified
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