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Booksellers Are Able to Charge ________ Prices to Consumers Who

Question 99

Multiple Choice

Booksellers are able to charge ________ prices to consumers who buy hardback books because their demand for the book is more ________ than consumers who wait until the paperback comes out.


A) lower; inelastic
B) lower; elastic
C) higher; elastic
D) higher; inelastic

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