The price elasticity of demand for a good is relatively elastic if:
A. there are a large number of substitutes.
B. the consumer has more time to make decisions about purchasing the good.
C. the good is less of a necessity.
D. All of these
Answer: D
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In the mid 1980s, the massive current account deficits were related to massive U.S. government budget deficits
Indicate whether the statement is true or false
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