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11 March, 10:36

Which is likely to occur if there is a price increase for a good which exhibits elastic demand? A) People might buy a more expensive substitute good. B) People might buy a less expensive complementary good. C) People might buy a less expensive substitute good. D) People might buy a more expensive complementary good.

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  1. 11 March, 10:44
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    The correct answer is C) People might buy a less expensive substitute good.
  2. 11 March, 10:49
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    C people would buy a less expensive substitute good
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