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For a particular good, a 5 percent increase in price causes a 8 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?


A、There are many substitutes for this good.;
B、The good is a necessity.;
C、The market for the good is narrowly defined.;
D、The relevant time horizon is long.

发布时间:2025-05-28 01:23:36
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答案:There are many substitutes for this good.; The market for the good is narrowly defined.; The relevant time horizon is long.
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