Solved

A Good Will Have a More Inelastic Demand

Question 190

Multiple Choice

A good will have a more inelastic demand,


A) the greater the availability of close substitutes.
B) the broader the definition of the market.
C) the longer the period of time.
D) the more it is regarded as a luxury.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Supply and demand both tend to be

Q5: Normal goods have negative income elasticities of

Q60: Figure 5-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-10

Q83: If the demand for donuts is elastic,then

Q123: A person who takes a prescription drug

Q182: Figure 5-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 5-6

Q186: Table 5-2<br>The following table shows a portion

Q191: Figure 5-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Figure 5-3

Q193: Scenario 5-2<br>The supply of aged cheddar cheese

Q197: Which of the following statements is correct?<br>A)The