Question: The demand for a luxury good whose purchase would take up a significant portion of one's income is: Question 20 options: relatively inelastic perfectly elastic

The demand for a luxury good whose purchase would take up a significant portion of one's income is: Question 20 options: relatively inelastic perfectly elastic perfectly inelastic relatively elasticWhich one of the following products is most likely to have an elastic demand? Question 21 options: gasoline milk prescription medication Cadbury milk chocolate bars

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