I need the answer as soon as possible 40. Other things equal, if a good hasmore substitutes, its priceelasticity of demand isA. O LargerB. O SmallerC. O ZeroD. O Unity

Elasticity of demand measures how much responsive the quantity demanded is towards the changes in…

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Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elasticity And Its Application

Section: Chapter Questions

Problem 1CQQ: A life-saving medicine without any close substitutes will tend to have a. a small elasticity of...

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I need the answer as soon as possible

40. Other things equal, if a good has
more substitutes, its price
elasticity of demand is
A. O Larger
B. O Smaller
C. O Zero
D. O Unity

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