Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 2SQP
Related questions
Question
A market survey revealed that the price elasticity of
|
1) |
There are no substitutes available. |
2) High school students prefer using earbuds to headphones.
|
3) |
Earbuds are normal goods. |
|
4) |
The cost of earbuds account for a large percentage of the allowance of an average student. |
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