The more broadly a good is defined
a. the more substitutes it has, so demand will be more price-elastic
b. the less substitutes it has, so demand will be more price-elastic
c. the more substitutes it has, so demand will be less price-elastic
d. the less substitutes it has, so demand will be less price-elastic
e. has no effect on the good's price elasticity of demand
Question 2
As DVDs become popular substitutes for video cassettes, demand for video cassettes is likely to
a. become less price elastic
b. become more price elastic
c. increase
d. stay the same
e. become unit elastic
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
Good body mechanics for lifting heavy objects.
Good hand and body mechanics when applying thumb pressure to the back.
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Economic recession in 2008 saw a small decrease in demand
Vegetable oils are good sources of essential fatty acids