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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
If the demand for a good were completely inelastic,
A) the good is a basic necessity.
B) the good is a luxury.
C) there are no substitutes for the good.
D) there had been a long period of time for people to adjust their behavior.
E) people who own the good currently do not want to give it up except at much higher prices.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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