1. If there are 7 substitutes for good X and demand is inelastic, does it follow that,...

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1. If there are 7 substitutes for good X and demand is inelastic, does it follow that, if there are 9 substitutes for good X, demand will be elastic? Explain your answer.

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Microeconomics

ISBN: 9780324785494

9th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 04, 2024 02:00 AM

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1. If there are 7 substitutes for good X and demand is inelastic, does it follow that, if there are 9 substitutes for good X, demand will be elastic? Explain your answer.
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1. If there are 7 substitutes for good X and demand is inelastic, does it follow that,...

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Microeconomics

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