Other things equal, the demand for a good tends to be more inelastic when
a. there are fewer available substitutes.
b. a longer time period is considered.
c. the good is considered a luxury good.
d. the market for the good is more narrowly defined.
A
Economics
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The Federal Reserve buying government bonds is considered:
a) easy money. b) tight money. c) expansionary monetary policy. d) contractionary monetary policy.
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Explain why high priced lawyers may support an industry ban on price advertising for lawyers
What will be an ideal response?
Economics