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Reil [10]
3 years ago
13

3) When there are more substitutes for a product, the ________ for the product is ________. A) demand; less price elastic

Business
1 answer:
balu736 [363]3 years ago
6 0

Answer:

Explanation:

When there are more substitutes for a product, the demand for the product is more price elastic. The implication of this is that the demand of such product will drop when there is increase in it price because people can get another product which will play the same role with the previous at a lesser price. Hence, the demand for the product vis more price elastic.

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Answer:

The Correct option is C

Explanation:

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Answer:

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vova2212 [387]

Answer:

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Explanation:

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