Which products would exhibit a higher elasticity with respect to interest rates, automobiles or small appliances? Why?

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Which products would exhibit a higher elasticity with respect to interest rates,
automobiles or small appliances? Why?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Posted Date: Jul 14, 2020 08:53 AM

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Which products would exhibit a higher elasticity with respect to interest rates, automobiles or small appliances? Why?

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The automobile would exhibit higher elasticity with respect to interest because ... View the full answer

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