If Consumers Spend More Money on Coffee Than on Sugar,then

question 94

Multiple Choice

If consumers spend more money on coffee than on sugar,then the demand for a pound of coffee is probably _________________ than is the demand for a pound sugar of because ________________.

• A) less price elastic; coffee requires a larger portion of consumers' incomes.
• B) more price elastic; coffee requires a larger portion of consumers' incomes.
• C) less price elastic; people will take a longer time to adjust to the change in its price.
• D) more price elastic; people will take a longer time to adjust to the change in its price

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Definitions:

Government Services

Public services provided by governmental organizations to meet the needs of the citizens, including education, healthcare, and public safety.

Income Tax

A tax levied by governments on individuals or entities' income, varying widely in mechanism and application across different jurisdictions.

Property Tax

A tax assessed on real estate by the local government, based on the property's value.

Motor Scooter

A two-wheeled vehicle with a step-through frame and a platform for the operator's feet, powered by a small engine.