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21 Oct 2018
12) The price elasticity of demand for a product tends to be greater the A) lower its price. B) more broadly the product is defined. C) fewer close substitutes for it there are. D) more close substitutes for it there are. E) shorter the time span being considered.
12) The price elasticity of demand for a product tends to be greater the A) lower its price. B) more broadly the product is defined. C) fewer close substitutes for it there are. D) more close substitutes for it there are. E) shorter the time span being considered.
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