In 2002 – 2003, some McDonalds’ franchise owners reported that profits
In 2002 – 2003, some McDonalds’ franchise owners reported that profits were declining from selling the discounted items from the Dollar Menu. This suggests that:
A) those items are price elastic.
B) those items are price inelastic.
C) those items are price unitary elastic.
D) none of the above.
ANSWER
B
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