Question
As available substitutes of one good become less for some reason, what happens to the point elasticity of demand? (Think that the elasticity is negative)
As available substitutes of one good become less for some reason, what happens to the point elasticity of demand? (Think that the elasticity is negative)
Group of answer choices:
Stays the same
Increases
Decreases
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
