Suppose fish steak and spaghetti are the only alternatives available during lunch hours at an office cafeteria. If a nominal change in the price of fish steak brings about a prominent change in the demand for spaghetti we can conclude that the latter has a high demand elasticity
Indicate whether the statement is true or false
T
Economics
You might also like to view...
Pollution is a form of market failure called a negative externality
a. True b. False
Economics
_____ includes products that can be transported over telephone and computer networks at ever-lower costs
a. Digital information b. Analog information c. Strategic information d. Primary information
Economics