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Other Fields Homework Help Economics Topic started by: insherro on Jan 23, 2017



Title: In which of the following cases would the price elasticity of demand be expected to increase?
Post by: insherro on Jan 23, 2017
In which of the following cases would the price elasticity of demand be expected to increase?
A) The number of close substitutes for the good increases.
B) The time period under consideration decreases.
C) The cost of the good relative to total income decreases.
D) The supply of the good increases.


Title: Re: In which of the following cases would the price elasticity of demand be expected to increase?
Post by: toogoo on Jan 23, 2017
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