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 root beer, and B is carbonated beverages.
B) A is bicycles, and B is mopeds.
C) A is airline tickets in the short run, and B is airline tickets in the long run.
D) A is gourmet coffee, and B is dentist's visits.
Correct Answer:

Verified
Correct Answer:
Verified
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