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-Refer to Figure 5 -5

Question 22

Multiple Choice

-Refer to Figure 5 -5. The data in the diagram indicates that DVDs A) are necessities. B) are luxury goods. C) are both luxury goods and price inelastic goods. D) are both necessities and price inelastic goods. E) are price inelastic goods.
-Refer to Figure 5 -5. The data in the diagram indicates that DVDs


A) are necessities.
B) are luxury goods.
C) are both luxury goods and price inelastic goods.
D) are both necessities and price inelastic goods.
E) are price inelastic goods.

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