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
good to eat
Take a good look at this woman
Good alignment for sitting posture.
Humburger is a good source of niacin , vitamin B6 and pantothenic acid
The original Supply and Demand graph
During a period of high power demand, the voltage output of the power company is reduced by ...