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Author Question: Which of the following statements would you expect to be true about the demand elasticities for ... (Read 34 times)

Facerro

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on: Oct 12, 2022
Which of the following statements would you expect to be true about the demand elasticities for cornflakes and food?
◦ Food has a higher price elasticity of demand because it is a necessity.
◦ Because cornflakes is food, cornflakes would have the same price elasticity of demand as food.
◦ Compared with food, cornflakes have a lower price elasticity of demand because it is specifically defined.
◦ Because cornflakes is food, but not all food is cornflakes, cornflakes would have a lower price elasticity of demand.
◦ Food has a lower price elasticity of demand than cornflakes because it is more broadly defined.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Facerro on Oct 12, 2022

msgero

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Facerro

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Reply 2 on: Oct 12, 2022
:D TYSM

Viet Thy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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