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    Exam 4: Elasticity
  5. Question
    The Price Elasticity of Demand for a Specific Model of a Luxury
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The Price Elasticity of Demand for a Specific Model of a Luxury

Question 157

Question 157

Multiple Choice

The price elasticity of demand for a specific model of a luxury car is likely to be


A) elastic.
B) inelastic.
C) 0.
D) infinite.

Correct Answer:

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