Q238
The demand for pepper is likely to have a low price elasticity because it 1. Involves only a small proportion of consumers expenditure 2. It is single-use good 3. Has no close substitutes 4. Can readily be foregone
A.
1 and 3 only
B.
1 and 2 only
C.
2 and 3 only
AnswerD.
2 and 4 only
Answer: Option C
Solution
Answer: Option C
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