Question
The price of elasticity of demand for a product tends to be greater the A) fewer close substitutes for it there are B) shorter the
The price of elasticity of demand for a product tends to be greater the
A) fewer close substitutes for it there are
B) shorter the time span being considered
C) more broadly the product is defined
D) the lower its price
E) more close substitutes for it there are
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
