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A given percentage rise in the price of a good is likely to result in a larger percentage decrease in the quantity of th
Posted: Sat Feb 19, 2022 2:41 pm
by answerhappygod
- A Given Percentage Rise In The Price Of A Good Is Likely To Result In A Larger Percentage Decrease In The Quantity Of Th 1 (57 KiB) Viewed 53 times
A given percentage rise in the price of a good is likely to result in a larger percentage decrease in the quantity of the good demanded O the larger the proportion of income spent on it. the shorter the passage of time since the price change. the more difficult it is to obtain good substitutes. the lower the price. O all of the above.