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Laurent Laurent
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6 years ago
Your demand will be more inelastic when
A) you spend a large fraction of your income on the product or service.
B) you don't have much time to adjust your spending patterns.
C) the product or service is expensive.
D) you can easily find close substitutes.
E) the product or service is not necessary to your survival.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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#1
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6 years ago
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Laurent Author
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