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jhaygood86 jhaygood86
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6 years ago
A given percentage increase in the price of a product causes a larger percentage decrease in quantity demanded when
A) it is harder to find good substitutes.
B) a greater fraction of income is spent on the product.
C) the time to adjust is shorter.
D) all of the above are true.
E) none of the above are true.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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#1
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6 years ago
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jhaygood86 Author
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