Multiple Choice
Suppose that there are many substitutes for crocodile-leather handbags.This would mean that the:
A) supply of crocodile-leather handbags would tend to be price elastic
B) demand for crocodile-leather handbags would tend to be price elastic
C) demand for crocodile-leather handbags would tend to be price inelastic
D) demand for crocodile-leather handbags would tend to be income elastic
Correct Answer:
Verified
Correct Answer:
Verified
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