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sdas [7]
3 years ago
10

The steepness of the demand curve is determined in part by the degree of substitutability between products. If buyers see produc

ts as good substitutes, demand will be______ . If buyers see products as poor substitutes, demand will be________.
Business
1 answer:
AleksandrR [38]3 years ago
8 0

Answer: Flatter; Steeper.

Explanation:

Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.

The steepness of the demand curve is typically determined by the degree of substitutability between the products. In cases where the buyers see the products as good substitutes, the demand will be flatter .

The flatter demand curve shows that there is a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand will be steeper.

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You take out a loan for $100,000 at an annual interest rate of 5.9% that is to be paid with three equal annual payments of $37,3
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Answer:

The principal repaid in the second year will be $33,296.

Explanation:

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3 years ago
Different prices are commonly charged to different groups of consumers for tickets at movie theaters, whereas the groups are cha
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4 0
4 years ago
​We can show economic​ inefficiency: A. with points on the production possibilities frontier. B. with points inside and on the p
Deffense [45]

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3 years ago
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Answer:

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