menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 3
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    A Good Will Have a More Elastic Demand
Solved

A Good Will Have a More Elastic Demand

Question 377

Question 377

Multiple Choice

A good will have a more elastic demand,


A) the greater the availability of close substitutes.
B) the more narrow the definition of the market.
C) the shorter the period of time.
D) the more it is regarded as a necessity.

Correct Answer:

verifed

Verified

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

Related Questions

Q1: Suppose that quantity demand rises by 10%

Q38: If demand is price inelastic,then<br>A)buyers do not

Q111: If a 6% decrease in price for

Q159: The price elasticity of supply measures how

Q168: The flatter the demand curve that passes

Q372: Suppose that when the price of beer

Q373: Holding all other forces constant,if increasing the

Q375: Figure 5-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Figure 5-13

Q376: Table 5-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Table 5-5

Q380: When the local used bookstore prices economics

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines