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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 14
The price elasticity of demand coefficient for a good will be lower
A) if there are few or no substitutes available.
B) if a small portion of the budget will be spent on the good.
C) in the short run than in the long run.
D) if all of the answers above are correct.
A) if there are few or no substitutes available.
B) if a small portion of the budget will be spent on the good.
C) in the short run than in the long run.
D) if all of the answers above are correct.
Explanation
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If a small portion of budget is spent on...
Economics for Today 9th Edition by Irvin Tucker
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