Lectur17-page28 - b Shorter adjustment period c Good is a small proportion of budget.

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28 Determinants of Demand Elasticity Relatively inelastic demand : a. Very few acceptable substitutes.
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Unformatted text preview: b. Shorter adjustment period. c. Good is a small proportion of budget....
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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.

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