Collective consumption goods can lose their collective consumption characteristics as they get more crowded

Information

A) is difficult to own. B) is never a separate attribute of a product. C) is easy to connect to physical product. D) is not scarce in the knowledge economy.

Suppose many new brands start selling coffee in an economy, increasing the options that consumers have for coffee. This will result in: a. a decrease in the elasticity of demand for every brand of coffee. b. an increase in the elasticity of demand for every brand of coffee. c. zero elasticity of demand for every brand of coffee

d. an infinite elasticity of demand for every brand of coffee.