The demand for a good is more price elastic a if closer, Ask an Expert

Economics

The demand for a good is more price elastic A. if closer substitutes are available. B. in the short run than in the long run. C. if the share of the good in the average? consumer's budget is smaller. D. if the good is a necessity rather than a luxury.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720335

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