Multiple Choice
Alice says that she would buy one banana split a day regardless of the price.If she is telling the truth,
A) Alice's demand for banana splits is perfectly inelastic.
B) Alice's price elasticity of demand for banana splits is 1.
C) Alice's income elasticity of demand for banana splits is 0.
D) None of the above answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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