Multiple Choice
There are several close substitutes for Bayer aspirin but fewer substitutes for a complete medical examination. Therefore, all other things equal, you would expect the demand for:
A) medical exams to be more price-elastic.
B) Bayer aspirin to be more price-elastic.
C) Bayer aspirin to be more price-inelastic.
D) the two to be equally price-elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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