Multiple Choice
Use the following information to answer the next two questions:
Cigarettes - Price Elasticity of demand = -0.67
Alcohol - Price elasticity of demand=-1.00
Sodas - Price elasticity of demand=-1.28
-Out of the three products,which product has a unitary elastic demand curve?
A) Cigarettes
B) Alcohol
C) Sodas
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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