question archive Consider the following pairs of goods

Consider the following pairs of goods

Subject:EconomicsPrice:2.88 Bought3

Consider the following pairs of goods. For which of the two goods would you expect the demand to be more price inelastic? Why?

A. infant formula or breakfast cereal

B. heating oil over the course of a decade or heating oil over the course of a month.

C. food in general or Coca-Cola sodas

D. nasal decongestant spray or heart medicine

E. Motorola cellular phones or phones in general

Option 1

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