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Retnec Retnec
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6 years ago
In general, demand for a product is more elastic
A) the fewer the substitutes and the larger the fraction of the family budget spent on that product.
B) the greater the number of substitutes and the larger the fraction of the family budget spent on that product.
C) the fewer the substitutes and the smaller the fraction of the family budget spent on that product.
D) the greater the number of substitutes and the smaller the fraction of the family budget spent on that product.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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6 years ago
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Retnec Author
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6 years ago
Good timing, thanks!
big_larry_samp
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Yesterday
Correct Slight Smile TY
jbag1237
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2 hours ago
this is exactly what I needed
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