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Other Fields Homework Help Economics Topic started by: billyhilly on Mar 3, 2019



Title: When very few substitutes for a good exist, demand will be
Post by: billyhilly on Mar 3, 2019

Question 1.

When many substitutes exist for a good, demand will be

• unit-elastic.

• inelastic.

• perfectly unit-elastic.

• elastic.

Question 2.

When very few substitutes for a good exist, demand will be

• elastic.

• unit-elastic.

• perfectly elastic.

• inelastic.


Title: When very few substitutes for a good exist, demand will be
Post by: rand22 on Mar 3, 2019

Answer 1

elastic.

Answer 2

inelastic.