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A Shoe Producing Firm Decides to Acquire a Firm That

Question 8

Multiple Choice

A shoe producing firm decides to acquire a firm that produces shoe laces.This implies that


A) The firm's aggregate demand will be less elastic than the individual demand
B) The firm's aggregate demand will be more elastic than the individual demand
C) The firm's aggregate demand will be of the same elasticity as the individual demand
D) None of the above

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