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Phydeaux Phydeaux
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Posts: 541
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6 years ago
The fact that butter has margarine as a close substitute for consumers
A) makes the supply of butter more elastic.
B) makes the supply of butter less elastic.
C) makes the demand for butter more elastic.
D) makes the demand for butter less elastic.
E) does not affect butter's elasticity of supply or demand.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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6 years ago
C
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