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What would you predict about the relative price elasticity of demand for brown leather hiking boots? The demand for brown leather hiking boots is O
What would you predict about the relative price elasticity of demand for brown leather hiking boots? The demand for brown leather hiking boots is O A. more price elastic than the demand for hiking boots, since the product group of brown leather hiking boots is broader than the product group of hiking boots. O B. less price elastic than the demand for hiking boots, since the product group of brown leather hiking boots is narrower than the product group of hiking boots O C. less price elastic than the demand for hiking boots, since the product group of brown leather hiking boots is broader than the product group of hiking boots. O D. more price elastic than the demand for hiking boots, since the product group of brown leather hiking boots is narrower than the product group of hiking boots
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