Answered

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You must select all that apply to get points for this question (if more than one is true):
The cereal described in the last question
a. is an inferior good
b. is a luxury good
c. is a complement
d. has demand that is relatively price elastic
e. is a normal good
f. has demand that is unit elastic (with respect to price)
g. has demand that is relatively price inelastic
h. is a substitute

Sagot :

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