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For Which Good Would Consumers Be the Most Responsive to a Change

Question 142

Multiple Choice

For which good would consumers be the most responsive to a change in price if good A has an elasticity of 0.05, good B has an elasticity of 0.8, good C has an elasticity of 1.8, and good D has an elasticity of 47?


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

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