Multiple Choice
What do products such as household electricity,tobacco and toothpicks have in common?
A) They are all inferior goods.
B) They all are likely to have incomes elasticities greater than one.
C) The demand for all three goods is elastic.
D) The demand for all three goods is inelastic.
E) They all have a large number of substitute goods.
Correct Answer:
Verified
Correct Answer:
Verified
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