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Elasticities Flashcards | StudBud
Elasticities
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A good has a YED of +5 and a PES of +4. If real incomes rose...
A
Demand would rise and supply would not respond easily
B
Demand would rise but supply would fall
C
Demand would fall and so would supply
D
Demand would rise and supply would respond easily
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correct · 0:00
