When a Good Has Fewer Substitutes in Consumption, Is a Small

question 114

True/False

When a good has fewer substitutes in consumption, is a small part of the consumer's budget, and a long time has passed, demand for such a good is inelastic.

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The biological processes necessary for the maintenance, survival, and reproduction of living organisms, including humans.

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A structured investigation aimed at discovering, interpreting, and revising human knowledge on the physical or social world, based on empirical evidence.

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