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Tragamin Tragamin
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6 years ago
Your demand will be more elastic when
A) you spend a large fraction of your income on the product or service.
B) the product or service is essential to your survival.
C) you are addicted to the product or service.
D) close substitutes are hard to find.
E) there isn't much time to adjust your spending patterns.
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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