QUESTIONS 33 THROUGH 44 RELATE TO ECONOMICS

33. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
33. Demand for a good is most likely to be more elastic when: A. the good is a necessity. B. a lesser proportion of income is spent on the good. C. the adjustment to a price change takes a longer time.