Multiple Choice
If a good is a necessity, it has ________ substitutes and its demand is ________.
A) poor; elastic
B) many; elastic
C) many; inelastic
D) poor; inelastic
E) many; precisely unit elastic
Correct Answer:
Verified
Related Questions
If a good is a necessity, it has ________ substitutes and its demand is ________.
A) poor; elastic
B) many; elastic
C) many; inelastic
D) poor; inelastic
E) many; precisely unit elastic
Correct Answer:
Verified
