Multiple Choice
What does a demand curve that is horizontal indicate about a commodity?
A) It has few substitutes.
B) It must be very cheap.
C) It is a necessity.
D) It has a large number of substitutes.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: Price elasticity of supply is used to
Q68: What could a firm do if it
Q74: Figure 4.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 4.1
Q76: Linesha, a university student working part-time, receives
Q77: There is a limited number of original
Q81: If the cross-price elasticity of demand for
Q122: Most food products have low income and
Q222: In order to prove that Motrin and
Q267: In recent years, the prices of new
Q285: A demand curve which is _ represents