Posted: October 5th, 2016

Which of the following would tend to make demand INELASTIC?

Which of the following would tend to make demand INELASTIC? Answer the amount of time analyzed is quite long there are lots of substitutes available the product is highly durable the proportion of the budget spent on the item is very small no one really wants the product at all

Source: http://www.homeworkminutes.com/question/view/47619/ECO-550ECO-550-Midterm
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