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Title: Which of the following is true? Post by: Retnec on May 25, 2017 Which of the following is true?
A) The fewer the substitutes that exist for a product, the more elastic the demand. B) The smaller the fraction of the family budget spent on a product, the more elastic the demand. C) The demand for Pepsi Cola is likely to be less elastic than the demand for cola drinks as a group. D) The demand for tennis shoes as a product class is likely to be more elastic than the demand for a particular brand of tennis shoes. E) The demand for Bic Pens is likely to be more elastic than the demand for ball point pens as a product class. Title: Re: Which of the following is true? Post by: folioge on May 25, 2017 Content hidden
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