If more substitutes become available demand tends to become ____ elastic,and over time demand tends to become ____ elastic.
A)more;more
B)less;less
C)more;less
D)less;more

Question

Quizplus · Accepted Answer

When more substitutes are available, consumers can easily switch to other products if the price of one product increases, making demand more elastic. Over time, as consumers become more aware of and have greater access to substitutes, and their habits and preferences adjust, demand tends to become more elastic as well.

If More Substitutes Become Available Demand Tends to Become ____