If a good does not have many substitutes, then the demand for this good will be A) elastic. B) inelastic. C) unit elastic. D) income elastic. E) perfectly elastic. mu

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Elasticity
Section6.2: Elasticity: Part 2
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If a good does not have many substitutes, then the demand for this good will be
A) elastic.
B) inelastic.
C) unit elastic.
D) income elastic.
E) perfectly elastic.
Ju
Transcribed Image Text:If a good does not have many substitutes, then the demand for this good will be A) elastic. B) inelastic. C) unit elastic. D) income elastic. E) perfectly elastic. Ju
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