A good will have a more elastic demand, the broader the definition of the market. the shorter the period of time. the more it is regarded as a necessity. All of the above. the greater the availability of close substitutes.

A good will have a more elastic demand, the broader the definition of the market. the shorter the period of time. the more it is regarded as a necessity. All of the above. the greater the availability of close substitutes.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A good will have a more elastic demand,
the broader the definition of the market.
the shorter the period of time.
the more it is regarded as a necessity.
All of the above.
the greater the availability of close substitutes.

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