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Quickly Which of the following is likely to have the most elastic demand Select one: a. life sustaining pills b. Diamond ring c. a good

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Which of the following is likely to have the most elastic demand Select one: a. life sustaining pills b. Diamond ring c. a good with very steep demand curve d. Cigarettes If a firm's production process exhibits economies of scale, then the long run average variable cost will increase. Select one: True False

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