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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Other things constant, which case would tend to reflect the highest elasticity of demand for eggs?
A) A restaurant that spends 1% of their budget on eggs
B) A restaurant that spends 2% of their budget on eggs
C) A restaurant that spends 5% of their budget on eggs
D) The question can't be answered without information on the price of eggs.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 618 times
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DropxDropx
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#1
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9 years ago
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Sublight2097 Author
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#2
9 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
9 years ago
Another success story!

I'm proud Smiling Face with Glasses
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#4
3 years ago
thank you
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