If new substitutes for a good appear on the market, we would expect the price elasticity of demand for that product to increase
Indicate whether the statement is true or false
T
Economics
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Which of the following is not consistent with perfect competition?
a. all firms face the same costs. b. firms cannot determine the price of the goods they sell. c. the marginal product of labor is diminishing. d. firms negotiate the same wages for different workers.
Economics
The private information revealed during screening typically refers to information:
A. that is personal. B. that is embarrassing. C. that is not public. D. that individuals generally do not want anyone to find out.
Economics