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Jenny sells two types of milk, whole milk and organic whole milk, and 20 different types of snack foods

Economics

Jenny sells two types of milk, whole milk and organic whole milk, and 20 different types of snack foods. Based on this information, demand for whole milk will be more price inelastic or elastic than demand for potato chips, because whole milk:

A. has a broader market definition

B. is a luxury food

C. is a necessity good

D. has fewer substitutes

Option 1

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