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Suppose the Price of a Snickers Candy Bar Is $2

Question 110

Multiple Choice

Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for a Snickers candy bar at an airport is likely to be ________ the price elasticity of demand for a Snickers candy bar at the grocery store.


A) less than
B) equal to
C) greater than
D) the reciprocal of

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