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18 Aug 2020
Which of the following goods will have a higher price elasticity of demand?
a. A good with few substitutes.
b. A good with many substitutes.
c. A good that represents a small proportion of the consumer's budget.
d. A good that is broadly defined.
e. A good that is a necessity.
Which of the following goods will have a higher price elasticity of demand?
a. A good with few substitutes.
b. A good with many substitutes.
c. A good that represents a small proportion of the consumer's budget.
d. A good that is broadly defined.
e. A good that is a necessity.
Mahe AlamLv10
16 Sep 2020