When Joe's Coffee Nook raised the price of a latte, Joe noticed a substantial change in his daily latte sales. A price reduction caused his sales to increase. From this information, you can assume the demand for lattes is ________
A) static
B) supply-driven
C) asymmetrical
D) elastic
E) inelastic
D
Business
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Indicate whether the statement is true or false
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Examples of a mortgage-backed and student-loan backed bonds are
A) Ginnie Mae and Betsy Ann. B) Betsy Ann and Sallie Mae. C) Ginnie Mae and Sallie Mae. D) All are examples.
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