Business, 17.03.2020 03:20 bferguson7986

Demand is more elastic: a. for goods with no substitutes. b. in the short run than in the long run. c. for necessities than for luxuries. d. for goods with many substitutes than for goods with only a few. e. for broadly defined goods than for narrowly defined ones.

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Demand is more elastic: a. for goods with no substitutes. b. in the short run than in the long run....