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Business, 12.08.2019 23:30 bm42400

For a particular good, an 8 percent increase in price causes a 12 percent decrease in quantity demanded. which of the following statements is most likely applicable to this good? a. the market for the good is broadly defined. b. there are no close substitutes for this good. c. the good is a necessity. d. the relevant time horizon is long.

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