Business, 10.10.2019 23:30 perlar0704

The price elasticity of demand for lightbulbs is likely to be unit elastic because
there are very few substitutes for lightbulbs.
is relatively inelastic because there are very few substitutes for lightbulbs.
is computed as the percentage change in price of lightbulbs divided by the percentage change in quantity of lightbulbs.
is relatively elastic because there are very few substitutes for lightbulbs.

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The price elasticity of demand for lightbulbs is likely to be unit elastic because
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