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Author Question: The availability of substitutes makes the demand for a good less elastic. a. True b. ... (Read 42 times)

segrsyd

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The availability of substitutes makes the demand for a good less elastic.
 a. True
  b. False

Question 2

In the real world, demand is not likely to be perfectly inelastic at every price because
 a. no substitutes exist for some goods
  b. some consumers will be unable to afford very high prices with given incomes
  c. at low prices, consumers always want a lot
  d. consumers are willing to pay any price for certain goods
  e. the prices of certain goods don't change



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rnehls

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Answer to Question 1

B

Answer to Question 2

B




segrsyd

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Reply 2 on: Jul 1, 2018
Excellent


rachel

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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