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Alice Says That She Likes Banana Splits but If the Price

Question 87

Multiple Choice

Alice says that she likes banana splits but if the price changed, she wouldn't buy them anymore.If this is the case:


A) Alice's demand for banana splits is perfectly inelastic
B) Alice's price elasticity of demand for banana splits is one
C) Alice's income elasticity of demand for banana splits is negative
D) none of the answers is correct

Correct Answer:

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