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23-12-2022
Business

Answered

Refer to Table 5-1. Which of the following is consistent with the elasticities given in Table 5-2?
a.A is a good several years after a price increase, and B is that same good several days after the price increase.
b.A is a luxury, and B is a necessity.
c.A is a Kit Kat bar, and B is candy.
d.A has fewer substitutes than B.

Answer :

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