Multiple Choice
Rank the price elasticities of the following goods in descending order (from highest to lowest) .
A) chewing gum, sport shirt, 4-bedroom house
B) 4-bedroom house, chewing gum, sport shirt
C) chewing gum, 4-bedroom house, sport shirt
D) 4-bedroom house, sport shirt, chewing gum
E) sport shirt, chewing gum, 4-bedroom house
Correct Answer:
Verified
Correct Answer:
Verified
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