Multiple Choice
Cell phone companies found that when they raised the price of connecting to wireless hot spots,demand decreased more than proportionally among casual users but decreased less than proportionally among businesspeople.This is because wireless connectivity is a(n) ________ good for casual users but a(n) ________ good for businesspeople.
A) elastic; inelastic
B) luxury; necessity
C) normal; inferior
D) inelastic; elastic
E) inferior; normal
Correct Answer:
Verified
Correct Answer:
Verified
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