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A normal good with close substitutes is likely to have its price elasticity of demand?
Classroom
Economics Classroom
Jamb
Jamb 2001
The Theory Of Demand
Types, Nature And Determinants Of Elasticity And Their Measurement
Price Elasticity Of Demand
More Topics
A normal good with close substitutes is likely to have its price elasticity of demand?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Between zero and one
B
Equal to unity
C
Less than unity
D
Greater than unity
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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