2. The November 29, 2022, Wall Street Journalreports that the price of chicken breasts has fallen from $3.65 per pound to $1.05 per pound this fall. If the quantity of chicken breasts demanded rises by a much larger amount than the change in price it is because the demand for chicken breasts is __________ because_____________.     Inelastic; there are few close substitutes in the minds of many people.  Inelastic; the demand curve for chicken breasts is vertical.  Elastic; chicken is somewhat of a necessity for many people.  Unit elastic; chicken has many substitutes. Elastic; chicken takes a small percentage of most buyer’s income.

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