1. In 2002 - 2003, some McDonalds' franchise owners reported that profits were declining from selling the discounted items from the Dollar Menu. This suggests that:
a. those items are price elastic.
b. those items are price inelastic.
c. those items are price unitary elastic.
d. none of the above.
2. McDonalds kept its U.S.-based menu when entering the Chinese market.
True
False