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    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
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    The Demand for a Necessity Generally Is
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The Demand for a Necessity Generally Is

Question 49

Question 49

Multiple Choice

The demand for a necessity generally is


A) very elastic.
B) infinitely elastic.
C) unaffected by income.
D) inelastic.
E) unit elastic.

Correct Answer:

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