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insherro insherro
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8 years ago
In which of the following cases would the price elasticity of demand be expected to increase?
A) The number of close substitutes for the good increases.
B) The time period under consideration decreases.
C) The cost of the good relative to total income decreases.
D) The supply of the good increases.
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Economics for Managers

Economics for Managers


Edition: 3rd
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University of Ottawa - Economics for Managers
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toogootoogoo
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