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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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Business, 22.06.2019 12:00, kaylallangari549
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
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Business, 22.06.2019 12:40, gldven7636
When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?
Answers: 3
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Demand is more elastic: a. for goods with no substitutes. b. in the short run than in the long run....
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