The determinants of elasticity include
A) availability of substitutes.
B) price relative to income.
C) time.
D) all of the above
Correct Answer:
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Q80: Price and total revenue move in the
Q81: When there are fewer substitutes for a
Q82: When demand is unit elastic, a decrease
Q83: When there are more substitutes for a
Q84: When demand is inelastic, a decrease in
Q86: Every point on a linear demand curve
Q87: When demand is unit elastic, an increase
Q88: The less time that elapses, the
A) less
Q89: When demand is elastic, an increase in
Q90: Point elasticity is a measure of elasticity
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