Other factors held constant, if there are few close substitutes for a good, demand is more elastic for it
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Describe the differences (in sign and relative magnitude) between the government purchases multiplier and the tax multiplier
What will be an ideal response?
Economics
The industry most closely associated with perfect competition is
a. manufacturing. b. banking. c. mining. d. farming.
Economics