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    Economics Today Study Set 1
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    Exam 19: Demand and Supply Elasticity
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    When Many Substitutes Exist for a Good, Demand Will Be
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When Many Substitutes Exist for a Good, Demand Will Be

Question 176

Question 176

Multiple Choice

When many substitutes exist for a good, demand will be


A) elastic.
B) unit-elastic.
C) inelastic.
D) perfectly unit-elastic.

Correct Answer:

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