Multiple Choice
The demand for Werthers candy is likely
A) elastic because candy is expensive relative to other snacks.
B) elastic because there are many close substitutes for Werthers.
C) elastic because Werthers are regarded as a necessity by many people.
D) inelastic because it is usually eaten quickly,making the relevant time horizon short.
Correct Answer:
Verified
Correct Answer:
Verified
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