If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are

Question

Accepted Answer

more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.

Answer

more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.

Answer

more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.

Answer

more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.

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