Multiple Choice
No matter what the price of orange juice is , Jill spends $20 a week on orange juice. We can conclude that the absolute value of the price elasticity of demand for orange juice for Jill is
A) greater than 1.
B) equal to 1.
C) less than 1.
D) equal to 0.
Correct Answer:
Verified
Correct Answer:
Verified
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