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    Managerial Economics and Business Strategy Study Set 1
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    Exam 3: Quantitative Demand Analysis
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    If There Are Few Close Substitutes for a Good,demand Tends
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If There Are Few Close Substitutes for a Good,demand Tends

Question 84

Question 84

Multiple Choice

If there are few close substitutes for a good,demand tends to be relatively:


A) elastic.
B) inelastic.
C) unitary elastic.
D) neither elastic, inelastic, nor unitary elastic.

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