[Solved] The elasticity of demand for a product will be higher:

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Q.	The elasticity of demand for a product will be higher:
A.	the more available are substitutes for that product
B.	the more its buyers demand loyalty
C.	the more the product is considered a necessity by its buyers
D.	all of the above
Answer» A. the more available are substitutes for that product

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Managerial Economics 1

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