Multiple Choice
Several companies produce latex gloves that are used in a variety of different industries. If one of the glove manufacturers decreases its price by just a few percentage points, it will result in a significant increase in quantity demanded. The demand for latex gloves is
A) synergistic.
B) inelastic.
C) unitary.
D) elastic.
E) static.
Correct Answer:
Verified
Correct Answer:
Verified
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