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    Survey of Economics Principles
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    Exam 4: Elasticity: A Measure of Responsiveness
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    Demand for Low Budget Items, Such as Candy, Is Generally
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Demand for Low Budget Items, Such as Candy, Is Generally

Question 160

Question 160

Multiple Choice

Demand for low budget items, such as candy, is generally ________ than demand for large budget items, such as automobiles.


A) higher
B) lower
C) more elastic
D) less elastic

Correct Answer:

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