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 elastic?
a. water or speedboats
b. blood pressure medicine or nasal decongestant spray
c. ice cream or food in general
d. gasoline over the course of a week or gasoline over the course of a year
e. cars or BMWs
Option 1
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