If the demand for a good were completely inelastic,
A) the good is a basic necessity.
B) the good is a luxury.
C) there are no substitutes for the good.
D) there had been a long period of time for people to adjust their behavior.
E) people who own the good currently do not want to give it up except at much higher prices.
C
Economics
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Advertising that has the fine print "professional driver on a closed course,"
A) is likely engaged in persuasive advertising. B) is likely engaged in informative advertising. C) is likely engaged in strategic advertising. D) is likely engaged in false advertising.
Economics
What is a criticism of the CPI?
Economics