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4. An important characteristic that affects the degree of elasticity of demand is A many substitute b. no substitute c. both A and b


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4. An important characteristic that affects the degree of elasticity of demand is A many substitute b. no substitute c. both A and b d.none of the above 5. An important characteristic that affects the degree of inelasticity of demand is A many substitute b. no substitute c. both A and b d.none of the above

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