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Question
No matter what the price of coffee is in the cafeteria, Jack spends $20 a week on coffee. We can conclude that the absolute value of the price elasticity of demand for coffee for Jack is
A) greater than 1.
B) equal to 1.
C) less than 1.
D) equal to 0.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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