Solved

Gabriel's Demand for Chocolate Bars Is Inelastic

Question 106

Multiple Choice

Gabriel's demand for chocolate bars is inelastic.If the price of chocolate bars increases,he will ________.


A) spend the same amount of money on chocolate as before
B) spend less amount of money on chocolate than before
C) spend more amount of money on chocolate than before
D) buy the same number of chocolate bars as before

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions