Multiple Choice
Alyssa says that she would buy one banana split a day regardless of the price.Assume she is telling the truth,what do we know
A) Alyssa's demand for banana splits is perfectly inelastic.
B) Alyssa's demand for banana splits is perfectly elastic.
C) Alyssa's price elasticity of demand for banana splits is 1.
D) Alyssa's income elasticity of demand for banana splits is negative.
Correct Answer:
Verified
Correct Answer:
Verified
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