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Author Question: Demand is more elastic for an item for which few substitutes are available. (Read 29 times) |
Did you know?
More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.
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Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.
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Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.
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If you could remove all of your skin, it would weigh up to 5 pounds.
Did you know?
In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.