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edelynpl edelynpl
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A year ago

The price elasticity of demand tends to be higher for goods



▸

for which the consumer spends a high percentage of his or her income.



▸

for which the consumer spends a low percentage of his or her income.



▸

that are in abundant supply.



▸

that are in scarce supply.

Textbook 
Economics

Economics


Edition: 12th
Author:
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rick32rick32
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A year ago
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