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    Economics Today Study Set 1
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    Exam 19: Demand and Supply Elasticity
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    When There Are Very Few Substitutes for a Good, the Demand
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When There Are Very Few Substitutes for a Good, the Demand

Question 112

Question 112

Multiple Choice

When there are very few substitutes for a good, the demand for the good will tend to be


A) inelastic.
B) elastic.
C) unitary.
D) perfectly elastic.

Correct Answer:

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