The Demand for a Pack of Gum Is ______________ Than

question 14

Multiple Choice

The demand for a pack of gum is ______________ than is the demand for a steak because _______________.

• A) less price elastic; a pack of gum requires a smaller portion of one's income.
• B) more price elastic; a pack of gum requires a smaller portion of one's income.
• C) less price elastic; a pack of gum is more of a luxury.
• D) more price elastic; a pack of gum is more of a luxury.