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Answer to Question #3723 in Microeconomics for adam
Question #3723
In which of the two following cases would you expect resource Demand to be more elastic (firms make a bigger cut in quantity purchased in response to a given price change)?
A. Demand by a highway maintenance company for cement
B. Demand by a highway maintenance company for employee clipboards
A. Demand by a highway maintenance company for cement
B. Demand by a highway maintenance company for employee clipboards
Expert's answer
A. Demand by a highway maintenance company for cement
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