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  3. Study Set
    Microeconomics Study Set 49
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    Exam 2: Demand and Supply Analysis
  5. Question
    Demand Tends to Be More Price Inelastic When Few Substitutes
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Demand Tends to Be More Price Inelastic When Few Substitutes

Question 18

Question 18

True/False

Demand tends to be more price inelastic when few substitutes for a product exist.

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