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Carter has budgeted $40 per month for candy bars. No matter how the price of candy bars changes, he spends exactly $40 per month. Carter's price elasticity of demand for candy bars must: A. B. C. D. Equal zero. Be unitary. Be very inelastic since the amount he spends is not responsive to a price change. Be very elastic since the quantity he demands will change significantly if the price changes.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M950733

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