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There Are Several Close Substitutes for Quaker State Oil but Fewer

Question 58

Multiple Choice

There are several close substitutes for Quaker State oil but fewer substitutes for a complete checkup of your car's engine. We can expect the demand for:


A) Quaker State oil to be more price-inelastic.
B) the two to be equally price-elastic.
C) car checkups to be more price-elastic.
D) Quaker State oil to be more price-elastic.

Correct Answer:

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