If the Market Demand for Oranges Is Relatively Inelastic with Respect

question 75

Multiple Choice

If the market demand for oranges is relatively inelastic with respect to price, orange consumers:

• A)will buy fewer oranges at any higher price but will spend more money on oranges.
• B)will buy fewer oranges at any higher price and will spend less money on oranges.
• C)will buy more oranges at any higher price.
• D)pay no attention to price in their purchasing decisions.

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