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In General,the More of an Individual's Total Budget That Is

Question 20

Multiple Choice

In general,the more of an individual's total budget that is spent on a given product,the


A) greater the supply-side response
B) less elastic is the demand for that good
C) more elastic is the demand for that good
D) more the demand curve will shift when the price changes
E) less the demand curve will shift when the price changes

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