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

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

D

Economics

You might also like to view...

Trade policies in which industries have been the most contentious in the Doha Round?

What will be an ideal response?

View
Economics

What can explain the failure of relative PPP to hold in reality?

What will be an ideal response?

View
Economics