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Question 2 Homework * Unamwered * Due Today, 11-59 PM The demandfor a product tends...

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Economics

Question 2 Homework * Unamwered * Due Today, 11-59 PM The demandfor a product tends to be less elastic if: Select an answer andsubmic. For keybourd navigation, use the up/down arrow keys toselect an answer. a the product is a luxury or something buyers caneasily do without. the price of the product is large relative toincome. the product is a necessity with few good substitutes. a lotof time is allowed for consumers to react to a price change.

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