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23-04-2024
Social Studies

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Which of the following would cause the demand for a good to be relatively inelastic? * 1 point a. The good has a large number of close substitutes. b. Expenditures on the good represent a large share of consumer income. c. There is ample time to adjust to price changes. d. The good is a necessity. e. The price of the good is in the upper left section of a linear demand curve.

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