Solved

A Bakery Supply Catalogue Sells Five-Pound Bags of Moist Apricots

Question 152

Multiple Choice

A bakery supply catalogue sells five-pound bags of moist apricots and cranberries,sweet dates,bits of pineapple,and candied cherries to be used in fruitcakes.Each bag costs $24.95.
-Refer to Dried Fruits.If the price of cranberries were to increase by 5 percent,it would have no effect on the price of the fruit mix because cranberries are only one of several fruits in the package.What is the demand for cranberries for this particular use?


A) elastic
B) derived
C) synergistic
D) inelastic

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions