Good X Has a High Price Elasticity of Demand; It

question 111

Multiple Choice

Good X has a high price elasticity of demand; it is most likely that

• A)consumers have high incomes.
• B)good X has a lot of substitutes.
• C)good X has a lot of complements.
• D)good X is in short supply.
• E)good X is not related to any other goods.

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