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Ceteris paribus, which of the following will result in demand for a good having a higher price elasticity of demand? A)The time period under consideration
Ceteris paribus, which of the following will result in demand for a good having a higher price elasticity of demand?
A)The time period under consideration is very short.
B)The good is a large part of your budget.
C)The good does not have many substitutes.
D)All of the above would all result in higher price elasticity of demand.
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