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1. Generally, the el… Show more; Determinates of Price Ela

Paper help Economics 1. Generally, the el… Show more; Determinates of Price Ela

Economics

1. Generally, the el… Show more; Determinates of Price Ela

1. Generally, the el… Show more; Determinates of Price Elasticity K-Mart– Determinants of demand elasticities 1. Generally, the elasticity of demand for a product will be greater when there are: (a) the larger number of substitutes, (b) the greater proportion of income an item takes, (c) the less the item is considered to be a necessity, and (d) the longer length of time allowed for adjustment to change the price of the good.; 2. K-Mart, at its web-site,; K-Mart.com

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