the demand function for good will be horizontal when ? there are no clase substitutes afor good Xgood X has no complement bgoodsthere are tew closesubstitutes for good Xthere are many closesubstitutes for good X

Demand curve is horizontal when price elasticity of demand for that good is perfectly elastic. When…

Answered: there are no clase substitutes a for…

there are no clase substitutes a for good X good X has no complement goods there are tew close substitutes for good X .c. there are many close substitutes for good X

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter18: Pricing The Factors Of Production

Section: Chapter Questions

Problem 4TY

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