Terms of the determinants of the elasticity of demand

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In each of the following cases, indicate which good you think has a relatively more price elastic demand and identify the most likely reason, in terms of the determinants of the elasticity of demand (more substitutes, greater share of budget, or more time to adjust).a. cars or Chevrolets b. salt or housing c. food or rice d. natural gas this month or over the course of a year

Reference no: EM13994628

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