Demand Will Be More Inelastic the

question 91

Multiple Choice

Demand will be more inelastic the

• A)higher the income level.
• B)lower the income level.
• C)longer the passage of time after a price increase.
• D)fewer good substitutes that are available.
• E)larger the fraction of income spent on the good.

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Appropriateness

The quality of being suitable, proper, or fitting for a particular context, purpose, or situation.

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