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nguyenduong67 nguyenduong67
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6 years ago
Which of the following statements is INCORRECT?
A) The price elasticity of demand tends to be smaller when consumers have less time to adjust to price changes.
B) The price elasticity of demand tends to be greater for a product with more substitutes available.
C) The price elasticity of demand tends to be greater when a product accounts for a smaller portion of the consumer's budget.
D) The price elasticity of demand tends to be greater for a specific brand of a product than for a product in general.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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nguyenduong67 Author
wrote...

6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Good timing, thanks!
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2 hours ago
You make an excellent tutor!
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