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All Other Things Being Equal, the __________ the Percentage of a Consumer's

Question 3

Multiple Choice

All other things being equal, the __________ the percentage of a consumer's budget spent on a good, the __________ the good's price elasticity of ____________.


A) greater; higher; demand
B) smaller; lower; supply
C) greater; lower; demand
D) smaller; higher; supply

Correct Answer:

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