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    Jerome Says That He Will Spend Exactly $25 Each Month
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Jerome Says That He Will Spend Exactly $25 Each Month

Question 591

Question 591

Multiple Choice

Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is


A) perfectly elastic.
B) unit elastic.
C) perfectly inelastic.
D) somewhat inelastic, but not perfectly inelastid.

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