Business, 11.10.2019 18:20 timothyashburn8
Agood with many close substitutes is likely to have relatively ,inelastic) demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises. a good? s price elasticity of demand depends in part on how necessary it is relative to other goods. if the following goods are priced approximately the same, which one has the least elastic demand? -diamond necklace-a heart valve for heart attack victims
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