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    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    If a Good Has Only a Few,poor Substitutes,is Its Demand
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If a Good Has Only a Few,poor Substitutes,is Its Demand

Question 126

Question 126

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If a good has only a few,poor substitutes,is its demand elastic or inelastic?

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The demand is inelastic.The fe...

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