Multiple Choice
A bakery supply catalog sells 5-pound bags of moist apricots and cranberries,sweet dates,bits of pineapple,and candied cherries to be used in fruitcakes.Each bag costs $24.95.If the price of cranberries were to increase by 5 percent,it would have no effect on the price of the fruit mix because cranberries are only one of several fruits in the package.The demand for cranberries for this particular use is:
A) elastic
B) derived
C) asymmetrical
D) inelastic
E) joint
Correct Answer:
Verified
Correct Answer:
Verified
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