Multiple Choice
When a good is more broadly defined,
A) the more substitutes it has, so demand will be more price-elastic.
B) the less substitutes it has, so demand will be more price-elastic.
C) the more substitutes it has, so demand will be less price-elastic.
D) the less substitutes it has, so demand will be less price-elastic
Correct Answer:
Verified
Correct Answer:
Verified
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