If some coffee drinkers continue to buy Maxwell House coffee even when Folger's coffee is on sale and cheaper, it may be a result of
a. irrational consumer behavior
b. a high cross elasticity
c. brand loyalty
d. Maxwell House being a monopoly
e. elastic demand
C
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A) Equal Employment Opportunity Commission B) Office of the Comptroller of the Currency C) the Securities and Exchange Commission D) Federal Deposit Insurance Corporation
Which of the following is an example of the law of supply?
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