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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
Elasticity of demand for a good will be greater if
A) we are talking about a long time period like years instead of days.
B) the supply curve is very elastic.
C) the good is a very small part of your budget.
D) the good has very few substitutes.
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
7 years ago
Great! Now we can move on to the next one
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