Multiple Choice
When the price of chai tea lattés is $5,Maxine buys 20 per month.When the price is $4,she buys 30 per month.Maxine's demand for chai tea lattés is
A) elastic,and her demand curve would be relatively flat.
B) elastic,and her demand curve would be relatively steep.
C) inelastic,and her demand curve would be relatively flat.
D) inelastic,and her demand curve would be relatively steep.
Correct Answer:
Verified
Correct Answer:
Verified
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