The demand for a movie ticket is likely _____ price elastic than the demand for a Broadway show ticket because a movie ticket _____.
A) less; requires a smaller portion of one's income
B) more; requires a smaller portion of one's income
C) less; has fewer available substitutes
D) more; has fewer available substitutes
Correct Answer:
Verified
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Q58: Perfectly elastic demand occurs when:
A) consumers are
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