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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 3
A life-saving medicine without any close substitutes will tend to have
A) a small elasticity of demand.
B) a large elasticity of demand.
C) a small elasticity of supply.
D) a large elasticity of supply.
A) a small elasticity of demand.
B) a large elasticity of demand.
C) a small elasticity of supply.
D) a large elasticity of supply.
Explanation
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If a life-saving medicine havi...
Essentials of Economics 7th Edition by Gregory Mankiw
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