Among the following pairs, which is likely to have the greatest price elasticity of demand? Why?
a.cars or Toyotas
b.electricity usage during a month or during a year
c.cable television or an apartment rental

Question

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The Answer of Among the following pairs, which is likely to have the greatest price elasticity of demand? Why?
a.cars or Toyotas
b.electricity usage during a month or during a year
c.cable television or an apartment rental

Among the Following Pairs, Which Is Likely to Have the Greatest