Which of the pairs of goods would you expect to have a greater price elasticity of demand?

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Which of the pairs of goods would you expect to have a greater price elasticity of demand? (LO6-2)

a. Cars, transportation.

b. Housing, leisure travel.

c. Rubber during World War II, rubber during the entire 20th century.

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Introduction To Information Systems

ISBN: 9781118674369

5th Edition

Authors: R. Kelly Rainer, Brad Prince, Casey G. Cegielski

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