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Which of the following is a characteristic of a price-inelastic good? A. There are few substitutes for the good. B. The good is considered to
Which of the following is a characteristic of a price-inelastic good?
A. There are few substitutes for the good.
B. The good is considered to be a necessity
C. There is a short time period under consideration and the good accounts for a relatively small percentage of buyer's total income.
D. Any of the above
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