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Table 5-1 -Refer to Table 5-1.Which of the Following Is Consistent with Following

Question 225

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Table 5-1
Table 5-1    -Refer to Table 5-1.Which of the following is consistent with the elasticities given in Table 5-2? A)  A is a luxury, and B is a necessity. B)  A is a good several years after a price increase, and B is that same good several days after the price increase. C)  A is a Kit Kat bar, and B is candy. D)  A has fewer substitutes than B.
-Refer to Table 5-1.Which of the following is consistent with the elasticities given in Table 5-2?


A) A is a luxury, and B is a necessity.
B) A is a good several years after a price increase, and B is that same good several days after the price increase.
C) A is a Kit Kat bar, and B is candy.
D) A has fewer substitutes than B.

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