If the Price Elasticity of Demand Within the Price Range

question 8

Multiple Choice

If the price elasticity of demand within the price range from €1 to €1.25 per kilogram for carrots is 0.79 and for radishes is 1.6, then within that price range

• A) demand for carrots is more price elastic than that for radishes.
• B) demand for radishes is more price elastic than that for carrots.
• C) carrots and radishes must be substitute goods.
• D) carrots and radishes must be complementary goods.

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