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Author Question: The price elasticity of demand for a product tends to be greater the (Read 47 times)

effaey

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on: Oct 12, 2022

Question 1

A vertical demand curve shows that the price elasticity of demand is
◦ less than one.
◦ unity.
◦ infinity.
◦ zero.
◦ not defined.

Question 2

The price elasticity of demand for a product tends to be greater the
◦ lower its price.
◦ more broadly the product is defined.
◦ shorter the time span being considered.
◦ more close substitutes for it there are.
◦ fewer close substitutes for it there are.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by effaey on Oct 12, 2022

gcurrens

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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effaey

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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