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Economics - Financial Markets 14 Online
OpenStudy (anonymous):

What are 3 factors of elasticity demand?

OpenStudy (anonymous):

Subtitutes goods, proportion of income, Whether it is luxury good or neccessity, Addictive or not and time for firms to respond the changes.

OpenStudy (jennychan12):

availability of substitute goods normal vs. inferior good purchasing power (how much income you have) expected future prices consumer tastes population and demographics variables that shift demand

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