If consumers think that there are very few substitutes for a good, - ProProfs Discuss
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If consumers think that there are very few substitutes for a good, then



A. Supply would tend to be price elastic
B. Supply would tend to be price inelastic
C. Demand would tend to be price elastic
D. Demand would tend to be price inelastic
E. None of the above

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Feb 21, 2020

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1 Answer

John Smith

John Smith

Answered Mar 09, 2017

Demand would tend to be price inelastic
 

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