Suppose the Price of a Snickers Candy Bar Is $2

question 110

Multiple Choice

Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for a Snickers candy bar at an airport is likely to be ________ the price elasticity of demand for a Snickers candy bar at the grocery store.

• A)less than
• B)equal to
• C)greater than
• D)the reciprocal of

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