Question
In general, the demand of a good with more substitutes is _______ (more/less) elastic than that of a good with fewer substitute. In most cases,
In general, the demand of a good with more substitutes is _______ (more/less) elastic than that of a good with fewer substitute. In most cases, the demand of a good is _______ (more/less) elastic in the short run than in the long run?
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
