Multiple Choice
There are very few,if any,good substitutes for automotive tires.Therefore,the demand for automotive tires would tend to be
A) elastic.
B) unit elastic.
C) inelastic.
D) highly responsive to changes in income as well as changes in prices.
Correct Answer:

Verified
Correct Answer:
Verified
Q264: For which pairs of goods is the
Q265: Suppose that when the price of good
Q266: Figure 5-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-4
Q267: Holding all other forces constant,if increasing the
Q268: As we move downward and to the
Q270: The demand for Godiva mint chocolates is
Q271: Figure 5-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-4
Q272: Demand is elastic if the price elasticity
Q273: Figure 5-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-4
Q274: Consider luxury weekend hotel packages in Las