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Why Is Elasticity of Demand Greater for Goods That Are

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Why is elasticity of demand greater for goods that are a large share of a consumer's budget?


Definitions:

Heterosexuality

A sexual orientation characterized by an attraction to people of the opposite sex.

Asexual

A person who does not experience sexual attraction to any group of people.

Sexual Attraction

An attraction that may include a desire for sexual contact or relationship with someone, based on their physical or personal qualities.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

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