Alice Says That She Likes Banana Splits, but If the Price

question 1

Multiple Choice

Alice says that she likes banana splits, but if the price changed, she would not buy them anymore. If this is the case:

• A) Alice's demand for banana splits is perfectly inelastic
• B) Alice's price elasticity of demand for banana splits is one
• C) Alice's income elasticity of demand for banana splits is negative
• D) Alice's demand for banana splits is perfectly elastic

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