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Other Fields Homework Help Economics Topic started by: Retnec on May 25, 2017



Title: In general, demand for a product is more elastic
Post by: Retnec on May 25, 2017
In general, demand for a product is more elastic
A) the fewer the substitutes and the larger the fraction of the family budget spent on that product.
B) the greater the number of substitutes and the larger the fraction of the family budget spent on that product.
C) the fewer the substitutes and the smaller the fraction of the family budget spent on that product.
D) the greater the number of substitutes and the smaller the fraction of the family budget spent on that product.


Title: Re: In general, demand for a product is more elastic
Post by: folioge on May 25, 2017
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