Multiple Choice
Demand for clothing tends to be
A) elastic because there are few substitutes for clothing
B) inelastic because there are few substitutes for clothing
C) elastic because expenditures for clothing represent a large part of the consumer's budget
D) inelastic because expenditures for clothing represent a large part of the consumer's budget
E) elastic because it is a broadly defined good
Correct Answer:

Verified
Correct Answer:
Verified
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