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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
According to your text, there are substitutes for any scarce good,
A) but some demand curves are vertical.
B) but the elasticity of demand for most goods is zero.
C) but the law of demand only holds for inexpensive goods.
D) but it often takes time for consumers to seek out useful substitutes.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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