Business, 30.03.2020 17:04, happy121906

All else equal, the price elasticity of demand for a good tends to be lower: A. if the good represents a large share of a consumer's budget. B. if the good has many close substitutes. C. if the good has few close substitutes. D. in the long run.

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All else equal, the price elasticity of demand for a good tends to be lower: A. if the good represen...