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Include goods - PowerPoint PPT Presentation

Which of the following is a nondurable good? a. washing machine c . bicycle

A music store holds a one-day half-price sale on all CDs. Consumers react to the sale by buying more CDs than on a typical day. This action is an example of a. elasticity of demand. c . the law of demand. b. the substitution effect. d . total revenue.

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Include goods - PowerPoint PPT Presentation

Which of the following is a nondurable good? a. washing machine c . bicycle