Most goods can yield

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1. Which of the following is not a determinant of the price elasticity of demand?

The time frame-whether it is in the short run or long run.

The number of substitute goods available.

The share of a consumer's budget.

The amount of income the consumer has.

2. Most goods can yield

Both positive and negative marginal utility.

Only negative marginal utility.

Only positive marginal utility.

Only zero marginal utility.

Reference no: EM131240578

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