Suppose a study shows that the demand for Goodyear tires is more elastic than the demand for all tires. What could be a likely explanation for this? The demand for Goodyear tires could be more elastic than the demand for all tires because a) Goodyear tires are more of a necessity. b) Goodyear tires are less costly. c) Goodyear tires are more broadly defined. d) Goodyear tires have more close substitutes. e) Goodyear tires are consumed over a shorter period of time
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