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If a good is a necessity with few substitutes, then the price elasticity of demand will tend to be: A)price elastic. B)price inelastic. C)equal to
- If a good is a necessity with few substitutes, then the price elasticity of demand will tend to be:
- A)price elastic.
- B)price inelastic.
- C)equal to 1.
- D)the same as that of a luxury good.
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Macroeconomics
Authors: Stephen d. Williamson
5th Canadian edition
133847144, 9780134604794 , 978-0133847147
