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CHOISE ONLY 43 Due to the pandemic Covid-19, many people lost their job and that effected the demand of all most all products including the

CHOISE ONLY 43

Due to the pandemic Covid-19, many people lost their job and that effected the demand of all most all products including the demand of new cars. According to you, which of the following can best to measure the elasticity of demand for new cars in this situation?

a.

Cross elasticity of demand

b.

Price elasticity of demand

c.

Product elasticity of demand

d.

Income elasticity of demand

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