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25. The demand for a good is inelastic. Which of the following would be an explanation for this? a. The good is a necessity. b.

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25. The demand for a good is inelastic. Which of the following would be an explanation for this? a. The good is a necessity. b. The good is specifically defined. c. The good is a large portion of one's total income. d. The time interval considered is long

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