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If consumers think that there are very few substitutes for a particular product, then Supply for it will be price inelastic Demand for it will
If consumers think that there are very few substitutes for a particular product, then Supply for it will be price inelastic Demand for it will be price elastic Supply for it will be price elastic ) Demand for it will be price inelastic
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
