Marianne loves cinnamon rolls. Marianne always buys one cinnamon roll each morning, even when the price of
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Marianne loves cinnamon rolls. Marianne always buys one cinnamon roll each morning, even when the price of a cinnamon roll increased from $1.50 to $2.50. Marianne's demand for cinnamon rolls is
a. Relatively elastic.
b. Perfectly inelastic.
c. Illustrated by a horizontal demand curve.
d. Unit elastic.
e. Relatively inelastic.
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Mariannes demand for cinnamon rolls is perfectly inelastic option b Perfectly inelastic demand mea...View the full answer
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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