Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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