Which of the following is false?
A)Products with close substitutes have elastic demand
B)Demand for individual brand is less elastic than industry aggregate demand
C)Products with many complements have less elastic demand
D)In the long run,demand curves become more elastic

Question

Quizplus · Accepted Answer

The demand for an individual brand is typically more elastic than the industry aggregate demand because consumers can easily switch to other brands within the same industry.

Which of the Following Is False