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Answer to Question #223900 in Economics for bee
Question #223900
- If the demand for a product is relatively price inelastic, it is possible that A. the proportion of consumers’ income spent on this product is large
- B. the product is a luxury
- C. the product has many substitutes
- D. the product is a complement to many other product
Expert's answer
D. the product is a complement to many other product
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