A less elastic demand for a good could result from
a. strong supply-side reactions
b. an increased number of available substitutes
c. lower consumer incomes
d. a longer time horizon
e. a shorter time horizon
E
Economics
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Most economic growth in the world occurred between 1,000,000 B.C. and 1300 A.D
Indicate whether the statement is true or false
Economics
One explanation for the fall in the value of the U.S. dollar since 2001is
a. the mix of an tight fiscal/tight monetary policy over the period. b. the relative weakness of the U.S. economy over the period. c. a higher degree of accommodation of supply shocks in the United States relative to our trading partners. d. the disintegration of the Bretton Woods system during these years.
Economics