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Unformatted text preview: 2. Therefore not very sensitive to price changes. 3. Not many substitutes, short period of time, and small proportion of budget. 4. ∆ Q is not as great as the ∆ P....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10