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22 June, 08:03

Which of the following is the best example of elastic demand?

A. People take fewer vacations as air fare gets higher.

B. Producers ignore budget constraints to make higher profit.

c. People buy gas for their cars no matter what it costs.

D. Producers purchase natural resources to make goods,

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Answers (1)
  1. 22 June, 08:23
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    A. People take fewer vacations as air fare gets higher.
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