The most important determinant of the degree of elasticity of demand is _____. a) whether the item

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The most important determinant of the degree of elasticity of demand is _____.

a) whether the item is a big-ticket item

b) whether the item is a luxury

c) how many uses the product has

d) the availability of substitutes

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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The most important determinant of the degree of elasticity of demand is _____. a) whether the item

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The correct answer is d the availability of substitutes Exp...View the full answer

Microeconomics

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