This topic contains a solution. Click here to go to the answer

Author Question: If a good has many close substitutes, then its demand is most likely (Read 114 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
If a good has many close substitutes, then its demand is most likely
◦ elastic.
◦ inelastic.
◦ unit elastic.
◦ perfectly inelastic.
◦ elastic or inelastic depending on whether the price of the good is increasing or decreasing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bobbysung on May 24, 2019

diesoon

  • Sr. Member
  • ****
  • Posts: 353
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly



bobbysung

  • Hero Member
  • *****
  • Posts: 519

diesoon

  • Sr. Member
  • ****
  • Posts: 353
Always glad to help...



 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

For a complete list of videos, visit our video library