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Cars Have Higher Price Elasticity of Demand Than Tyres and Tubes

Question 41

Multiple Choice

Cars have higher price elasticity of demand than tyres and tubes because:


A) tyres and tubes and cars are substitutes.
B) tyres and tubes and cars are complements.
C) cars are a luxury and tyres and tubes are a necessity.
D) tyres and tubes are a luxury and cars are a necessity.

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