Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?

If a product has very few substitutes, demand elasticity is likely to be

A) 1. B) elastic. C) infinitely elastic. D) inelastic.

____ occurs when a consumer's quantity demanded for a good increases because a ____ number of consumers purchase the same good

a. A negative network externality; greater b. A positive network externality; greater c. Bandwagon effect; fewer d. A positive network externality; fewer