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The Elasticity of Demand for Toasted Muesli Would Increase If

Question 54

Multiple Choice

The elasticity of demand for toasted muesli would increase if:


A) there was an increase in complements for toasted muesli
B) the definition of the toasted muesli market was made very broad
C) toasted muesli was considered a luxury product
D) the effect of a price rise was measured over a long period of time

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