Studies Indicate That the Demand for Fresh Tomatoes Is Much

question 76

Multiple Choice

Studies indicate that the demand for fresh tomatoes is much more elastic than the demand for salt. These findings reflect that

• A) tomatoes are a necessity while salt is a luxury.
• B) it takes longer for consumers to adjust to a change in the price of salt than to a change in the price of tomatoes.
• C) salt will not spoil as easily as fresh tomatoes.
• D) more good substitutes exist for fresh tomatoes than for salt.

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