The more narrowly a good is defined,the
A) easier it is to find substitutes,and the less price-elastic is the demand
B) easier it is to find substitutes,and the more price-elastic is the demand
C) more difficult it is to find substitutes,and the less price-elastic is the demand
D) more difficult it is to find substitutes,and the more price-elastic is the demand
E) more difficult it is to find substitutes,but this has no impact on the price elasticity of demand
Correct Answer:
Verified
Q85: The percentage change in quantity demanded divided
Q86: The price elasticity of demand will be
Q87: A less elastic demand for a good
Q88: Which of the following goods is likely
Q89: Demand for a good is likely to
Q91: An inferior good is defined by an
Q92: For which of the following types of
Q93: Ink jet printers are a normal good
Q94: For which of the following medical services
Q95: In general,the more of an individual's total
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents