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Rank These Three Items in Terms of the Elasticity of the Demand

Question 214

Multiple Choice

Rank these three items in terms of the elasticity of the demand for them at any given price, from most elastic to least elastic: hot beverages, coffee and Peet's Coffee.


A) hot beverages, coffee, Peet's Coffee
B) Peet's Coffee, coffee, hot beverages
C) coffee, Peet's Coffee, hot beverages
D) coffee, hot beverages, Peet's Coffee

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