As the internet becomes a popular substitute for cable TV,the demand for cable TV is likely to _____
A)become less price elastic.
B)become more price elastic.
C)increase.
D)stay the same.
E)become unit elastic.

Question

Quizplus · Accepted Answer

As the internet becomes a popular substitute for cable TV, the demand for cable TV is likely to become more price elastic as consumers have alternative options to obtain similar content. This means that consumers are more likely to be responsive to changes in the price of cable TV, and may choose to switch to internet-based options if the price increases too much.

As the Internet Becomes a Popular Substitute for Cable TV,the