A product that has an elastic demand curve has all of the following characteristics EXCEPT
A) it has many substitutes.
B) a consumer can wait to buy the product.
C) it has few or no substitutes.
D) it is a large part of a consumer's income.
C
Economics
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Which of the following factors could start a demand-pull inflation?
A) an increase in the money wage rate B) an increase in tax rates C) a decrease in the money wage rate D) a decrease in government expenditure E) an increase in the quantity of money
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