The Elasticity of Demand for Toasted Muesli Would Increase If

question 54

Multiple Choice

The elasticity of demand for toasted muesli would increase if:

• A)there was an increase in complements for toasted muesli
• B)the definition of the toasted muesli market was made very broad
• C)toasted muesli was considered a luxury product
• D)the effect of a price rise was measured over a long period of time

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