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All Other Things Constant,if a _____ Proportion of a Consumer's

Question 28

Multiple Choice

All other things constant,if a _____ proportion of a consumer's budget is spent on a good,the demand for the good will be more _____ and the consumer will purchase a substitute instead.


A) greater; price elastic
B) smaller; unit elastic
C) smaller; price elastic
D) greater; price inelastic
E) greater; stable

Correct Answer:

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