iii. If electric vehicles are considered as close substitutes of fuel cell vehicles (fuel cars) then which of the following is true ? Demand of fuel cars is elastic Not enough information to say No effect on demand elasticity Demand of fuel cars is inelastic Save

iii. If electric vehicles are considered as close substitutes of fuel cell vehicles (fuel cars) then which of the following is true ? Demand of fuel cars is elastic Not enough information to say No effect on demand elasticity Demand of fuel cars is inelastic Save

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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iii. If electric vehicles are considered as close substitutes of fuel cell vehicles (fuel cars) then which of
the following is true ?
Demand of fuel cars is elastic
Not enough information to say
No effect on demand elasticity
Demand of fuel cars is inelastic
Save

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