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Which of the Following Is Associated with Relatively Elastic Demand

Question 119

Multiple Choice

Which of the following is associated with relatively elastic demand?


A) ​Few substitutes; large portion of income; short time span
B) ​Many substitutes; large portion of income; long time span
C) ​Few substitutes; small portion of income; short time span
D) ​Many substitutes; small portion of income; long time span

Correct Answer:

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