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Author Question: Which of the following would result in a higher absolute value of the price elasticity of demand for ... (Read 157 times)

littleanan

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on: Jun 29, 2018
Which of the following would result in a higher absolute value of the price elasticity of demand for a product?
 
  A) The time period under consideration is short.
  B) The good is a necessity.
  C) The expenditure on the good is small relative to one's budget.
  D) A wide variety of substitutes are available for the good.

Question 2

Define horizontal differentiation.
 
  What will be an ideal response?
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wshriver

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Reply #1 on: Jun 29, 2018
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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littleanan

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Reply 2 on: Jun 29, 2018
Excellent

AmberC1996

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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