The most important determinant of the degree of elasticity of demand is _____. a) whether the item
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The most important determinant of the degree of elasticity of demand is _____.
a) whether the item is a big-ticket item
b) whether the item is a luxury
c) how many uses the product has
d) the availability of substitutes
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The correct answer is d the availability of substitutes Exp...View the full answer
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