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Which determinants influence whether demand is elastic or inelastic I) advertising associated with the change in price II) necessities versus luxury goods III) the existence of substitutes IV) the

Which determinants influence whether demand is elastic or inelastic

I) advertising associated with the change in price

II) necessities versus luxury goods

III) the existence of substitutes

IV) the products and services used by people in the consumers' peer groups

V) share of the budget spent on the good

VI) time and the adjustment process 

Apr 22 2021 View more View Less

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