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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
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    There Are Very Few,if Any,good Substitutes for Automotive Tires
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There Are Very Few,if Any,good Substitutes for Automotive Tires

Question 269

Question 269

Multiple Choice

There are very few,if any,good substitutes for automotive tires.Therefore,the demand for automotive tires would tend to be


A) elastic.
B) unit elastic.
C) inelastic.
D) highly responsive to changes in income as well as changes in prices.

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