Multiple Choice
In a snack vending machine, consumers can select one of many choices. These snacks are
A) an ideal example of unitary demand.
B) likely to have a price elasticity equal to 1.
C) more likely to be price elastic.
D) likely to have a price elasticity less than 1.
E) more likely to be price inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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