Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than

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Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than a more broadly defined good (food)?

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Exploring Macroeconomics

ISBN: 9781285859446

7th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 31, 2024 07:00 AM

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Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than a more broadly defined good (food)?
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Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than a more broadly defined good (food)?
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Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than

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Exploring Macroeconomics

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