The Income Elasticity of Demand for Caviar Tends to Be

question 302

Multiple Choice

The income elasticity of demand for caviar tends to be

• A)high because caviar is relatively expensive.
• B)low because caviar is packaged in small containers.
• C)high because buyers generally feel that they can do without it.
• D)low because it is almost always in short supply.

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Total Quality Management

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