Multiple Choice
If the price elasticity of demand within the price range $1 and $1.25 for carrots is 0.79 and for radishes is 1.6, then, within that price range
A) carrots are more price elastic than radishes
B) radishes are more price elastic than carrots
C) carrots and radishes must be substitute goods
D) carrots and radishes must be complementary goods
E) both carrots and radishes are price elastic
Correct Answer:
Verified
Correct Answer:
Verified
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