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    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    If a Good Is a Necessity,it Has ________ Substitutes and Its
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If a Good Is a Necessity,it Has ________ Substitutes and Its

Question 76

Question 76

Multiple Choice

If a good is a necessity,it has ________ substitutes and its demand is ________.


A) poor; elastic
B) poor; inelastic
C) many; elastic
D) many; inelastic
E) many; precisely unit elastic

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