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Tragamin Tragamin
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6 years ago
A given percentage increase in the price of a product causes a smaller percentage decrease in quantity demanded
A) the easier it is to find good substitutes.
B) the greater the fraction of income spent on the product.
C) the shorter the time to adjust.
D) when all of the above are true.
E) when none of the above are true.
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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6 years ago
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Tragamin Author
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6 years ago
You make an excellent tutor!
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Good timing, thanks!
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