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Answer to Question #235362 in Economics for Nana

Question #235362

The price elasticity demand for Mercedes Benz motor vehicles is probably

  • A. elastic and more elastic than the total demand for motor vehicles.
  • B. inelastic but more elastic than the total demand for motor vehicles.
  • C. inelastic and less elastic than the total demand for motor vehicles.
  • D. elastic but less elastic than the total demand for motor vehicles.
1
Expert's answer
2021-09-10T12:20:00-0400

The price elasticity demand for Mercedes Benz motor vehicles is probably elastic but less elastic than the total demand for motor vehicles.

So, the correct answer is D.


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