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    Managerial Economics Study Set 4
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    Exam 4: Demand Elasticity
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    The Demand for Salt Is Relatively Price Inelastic,while the Demand
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The Demand for Salt Is Relatively Price Inelastic,while the Demand

Question 11

Question 11

Essay

The demand for salt is relatively price inelastic,while the demand for pretzels is relatively price elastic.How can you best explain why?

Correct Answer:

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Salt has few substitutes,and takes up a ...

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