Answered: 35. If a good has d lot of substitutes…

35. If a good has d lot of substitutes then its demand is: O clastic b. inelastic c. unit elastic d. elastic or inelastic depending on whether the price is increasing or decreasing loos

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 3CQQ: A linear, downward-sloping demand curve is a. inelastic b. unit elastic. c. elastic. d. inelastic at...

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

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Q35

35. If a good has d lot of substitutes then its demand is:
O clastic
b. inelastic
c. unit elastic
d. elastic or inelastic depending on whether the price is increasing or decreasing
loos

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