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When a Good Has a Lot of Close Substitutes Available,it

Question 125

Multiple Choice

When a good has a lot of close substitutes available,it is likely to be:


A) more price elastic than goods without close substitutes available.
B) less price elastic than goods without close substitutes available.
C) more price elastic than those with a lot of complement goods available.
D) less price elastic than those with a lot of complement goods available.

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