When a large number of substitutes are available, demand will tend to be more elastic.
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Q5: A demand schedule shows the relationship between
Q6: If demand is inelastic, then total revenue
Q7: A "demand schedule" for a television manufacturer
Q8: A single demand curve can have both
Q9: Economists usually assume that customers have a
Q11: Most demand curves are upward-sloping--to the right.
Q12: If demand is elastic, then total revenue
Q13: The availability of substitutes is one important
Q14: If demand is inelastic, then total revenue
Q15: If demand is elastic, then total revenue
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