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Determinants of Price Elasticity of Demand
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Determinants of Price Elasticity of Demand
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4. Elasticity / Determinants of Price Elasticity of Demand / Problem 2
Problem 2
Which of the following products is likely to have the most elastic demand due to the availability of substitutes?
A
Prescription medication.
B
Electricity.
C
Soft drinks.
D
Tap water.
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