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Quiz: Elasticity of demand - Meaning and its types | Tutorstips | Tutorstips
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Quiz
Elasticity of demand - Meaning and its types
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Question 1 of 10
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Which of the following factors increases the elasticity of demand for a product?
A
Presence of a large number of close substitutes
B
Absence of close substitutes
C
Habitual consumption of the good
D
Product being a absolute necessity
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