Question: Your demand will be more inelastic when Select one: a . you spend a large fraction of your income on the product or service. b
Your demand will be more inelastic when
Select one:
a you spend a large fraction of your income on the product or service.
b the product or service is expensive.
C the product or service is not necessary to your survival.
d you don't have much time to adjust your spending patterns.
e you can easily find close substitutes.
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