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Loraine Loraine
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9 years ago
If a product is narrowly defined, it is likely to
A) have many substitutes and therefore its demand is elastic.
B) have few substitutes, and therefore its demand is less elastic.
C) be unique, and therefore its demand is inelastic.
D) be unique and have many substitutes.
E) have a larger proportion of income spent on it.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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9 years ago
You're welcome Happy Dummy
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