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Duplicate of SCCPSS Economics Review- Jledford Flashcards | StudBud
Duplicate of SCCPSS Economics Review- Jledford
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What MOST often happens when demand for a product is highly elastic?
A
Substitution occurs when its price rises
B
Higher productivity does not reduce the product’s price
C
Demand for the product increases even when its price rises
D
Supply of the product increases to its equilibrium price
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