For which of the following types of goods would demand be most price-elastic?
a. necessities
b. goods with many substitutes
c. goods that require only a small portion of the buyer's budget
d. goods with vertical demand curves
e. goods with vertical supply curves
B
Economics
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A) B + C + F + G. B) E + H. C) F + G. D) B + C.
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Inflation tends to redistribute real income from lenders to borrowers
a. True b. False Indicate whether the statement is true or false
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