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    Microeconomics Study Set 15
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    Exam 4: Elasticity: The Responsiveness of Demand and Supply
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    Which of the Following Products Comes Closest to Having a Perfectly
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Which of the Following Products Comes Closest to Having a Perfectly

Question 4

Question 4

Multiple Choice

Which of the following products comes closest to having a perfectly inelastic demand?


A) petrol
B) cholesterol medication in general
C) iPhones
D) bus rides

Correct Answer:

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