Multiple Choice
The demand for Post Raisin Bran is more elastic than the demand for raisin bran in general because _____
A) it is consumed in the short run rather than in the long run.
B) Post Raisin Bran is a luxury.
C) Post Raisin Bran has no substitutes.
D) there are many substitutes for raisin bran cereal in general.
E) Post Raisin Bran is a broadly defined good.
Correct Answer:
Verified
Correct Answer:
Verified
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