The demand will be _______________ if the consumer has _________ substitute goods to choose from
A)elastic;less
B)inelastic;more
C)elastic;more

Name: The demand will be _______________ if the consumer has _________ substitute goods to choose from A)elastic;less B)inelastic;more C)elastic;more
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Question

Quizplus · Accepted Answer

When consumers have more substitute goods to choose from, the demand tends to be elastic because they can easily switch to alternatives if the price of a good rises.

The Demand Will Be _______________ If the Consumer Has _________

The Demand Will Be _______ If the Consumer Has _