-According to Table 2

question 67

Multiple Choice

-According to Table 2.1,which presents hypothetical data on price elasticity of demand,which of the following is true about lamb?

• A) Each 2.7% change in the price of lamb causes a 1% change in the quantity demanded of lamb
• B) The demand for lamb is inelastic
• C) Each 1% change in the price of lamb causes a 2.7% change in the quantity demanded of lamb
• D) Lamb is a normal good

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