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Business, 09.11.2020 17:00 ashleyuchiha123

Suppose that there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. As more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will: a. decrease because the Internet offers more substitutes.
b. remain the same, but the quantity demanded will decrease as more people shop online.
c. remain the same, but the demand will decrease as more people shop online.
d. increase because the Internet offers more substitutes.

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