Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is ________

A) elastic
B) unit elastic
C) illustrated by a horizontal demand curve
D) perfectly inelastic

D

Economics

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Congressman Gallstone seeks support from his colleagues for a bill he sponsors that will establish a new national park in his district

He offers to support Congresswoman Disrail's proposal to build a new library in her district in exchange for her vote for his national park bill. This is an example of A) government failure. B) regulatory capture. C) rational ignorance. D) logrolling.

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