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:

Verified
Correct Answer:
Verified
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