Goods with many close substitutes tend to have
A、more elastic demands.
B、less elastic demands.
C、price elasticities of demand that are unit elastic.
D、income elasticities of demand that are negative.
A、more elastic demands.
B、less elastic demands.
C、price elasticities of demand that are unit elastic.
D、income elasticities of demand that are negative.
A、done
B、dealed with
C、concluded
D、completed
A、positive.
B、negative.
C、zero.
D、equal to the difference between the income elasticities of demand for the two goods.
A、above the equilibrium price, causing a shortage.
B、above the equilibrium price, causing a surplus.
C、below the equilibrium price, causing a shortage.
D、below the equilibrium price, causing a surplus.
A、buyers of cigarettes.
B、sellers of cigarettes.
C、either buyers or sellers of cigarettes.
D、whichever side of the market is less elastic.
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