Business, 25.10.2019 03:43 Britney8394

A) which of the following statements is true? a) the more narrowly we define a market, the more elastic the demand for a product will be. b) in general, if a product has few substitutes it will have an elastic demand. c) the demand curve for a necessity is more elastic than the demand curve for a luxury. d) the more time that passes the more inelastic the demand for a product becomes.

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A) which of the following statements is true? a) the more narrowly we define a market, the more elas...

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