Which of the following will not tend to increase the elasticity of demand for a good? a.

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Which of the following will not tend to increase the elasticity of demand for a good?

a. an increase in the availability of close substitutes

b. an increase in the amount of time people have to adjust to a change in the price

c. an increase in the proportion of income spent on the good

d. all of the above will increase the elasticity of demand for a good

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 03:01 AM

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Which of the following will not tend to increase the elasticity of demand for a good? a.

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Exploring Macroeconomics

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