Other things constant, the price elasticity of demand for a product will tend to be smaller (more inelastic) if
a. people spend a large share of their income on the product.
b. people spend an insignificant share of their income on the product.
c. the population in the market area is large.
d. there are many good substitutes for the product.
B
Economics
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A) 0.01. B) 0.10. C) 0.20. D) 0.25.
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Piecework compensation plans are useful when productivity is difficult to measure
Indicate whether the statement is true or false
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