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When a Good Has Many Close Substitutes Available,it Is Likely

Question 98

Multiple Choice

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


A) less price elastic than are goods without close substitutes available.
B) more price elastic than are goods with many complement goods available.
C) less price elastic than are goods with many complement goods available.
D) more price elastic than are goods without close substitutes available.

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