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Which of the following causes the price elasticity of demand for a good to be more inelastic?
Learning
The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences through study, experience, or teaching.
Readiness
A state of being prepared and willing to undertake or receive something, such as learning new skills.
Cognitive Ability
The ability to carry out advanced cognitive functions such as thinking, recalling, comprehending, and solving problems.
Student Readiness
The degree to which a student is prepared to engage in and benefit from educational activities at their current level of development.
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