Increase the elastic you of demand for good

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Reference no: EM131170927

Which of the following will not tend to increase the elastic you of demand for a good ?

1. An increase in the availability of close substitute

2. An increase in the amount of time people have to adjust to a change in the price

3. An increase in the proportion of income spent on the good

4. All of the above will increase the elasticity of demand for a good

Reference no: EM131170927

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