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A normal good with close substitutes is likely to have its price elasticity of ...
Classroom
Economics Classroom
Post Utme
Post Utme 0
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A normal good with close substitutes is likely to have its price elasticity of demand
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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
Greater than unity
D
Less than unity
E
None of the above
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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