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The more narrowly we define a good, the easier it is to find substitutes, and
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Sep 4, 2018
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The more narrowly we define a good, the easier it is to find substitutes, and
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The more narrowly we define a good, the easier it is to find substitutes, and the demand for the good becomes more elastic. Things are assumed to be constant when there is a narrow definition compared to when it has a broader definition.
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Sep 10, 2018
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