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Economics > FACTORS AFFECTING THE YED > Flashcards

FACTORS AFFECTING THE YED Flashcards

1
Q

List all 7 factors affecting the YED

A

Necessity vs luxury
Availability of complements
Availability of substitutes
Time horizon
Relative size of purchase
Closeness of substitutes (how easy it is to find one)
Number of complements

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Economics (71 decks)

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