Multiple Choice
Since demand is more inelastic for products that represent a smaller share of your income,which one of the following is true?
A) the demand for shoe laces is more elastic than the demand for shoes
B) The demand for oil changes is more inelastic than the demand for cars
C) the demand for ear buds is more elastic than the demand for ipods
D) the demand for Salt has a more elastic than the demand than meat
Correct Answer:
Verified
Correct Answer:
Verified
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