A movie ticket is _________________ than a ticket to a Broadway show because ______________.
A) less price elastic;it is a smaller portion of one's income
B) more price elastic;it is a smaller portion of one's income
C) less price elastic;it has less available substitutes
D) more price elastic;it has less available substitutes
Correct Answer:
Verified
Q51: A pound of coffee is _ than
Q52: Classical music is _ than Beethoven's music
Q53: Steak is _ than food because _.
A)less
Q54: The demand for insulin is:
A)likely to be
Q55: The longer people have to adjust to
Q57: A perfectly elastic demand is one in
Q58: Ben & Jerry's ice cream is _
Q59: A horizontal demand curve implies:
A)a perfectly inelastic
Q60: A subway ride is _ than a
Q61: An increase in price:
A)causes a decrease in
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