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Vernon Spends the Following Percentages of His Budget on the Following

Question 44

Multiple Choice

Vernon spends the following percentages of his budget on the following goods: 23 percent on good A,11 percent on good B,1 percent on good C,and 3 percent on good D.For which good is price elasticity of demand the highest,ceteris paribus?


A) good A
B) good B
C) good C
D) good D

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