The Demand for Werthers Candy Is Likely

question 396

Multiple Choice

The demand for Werthers candy is likely

• A) elastic because candy is expensive relative to other snacks.
• B) elastic because there are many close substitutes for Werthers.
• C) elastic because Werthers are regarded as a necessity by many people.
• D) inelastic because it is usually eaten quickly,making the relevant time horizon short.

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Definitions:

Arbitrator's Decision

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