Goods That Do Not Have Close Substitutes Have Downward-Sloping Demand

question 229

True/False

Goods that do not have close substitutes have downward-sloping demand curves.

---

Definitions:

Stanton

Elizabeth Cady Stanton was a leading figure of the early women's rights movement in the United States, best known for her role in organizing the 1848 Seneca Falls Convention.

Andrew Johnson

Andrew Johnson was the 17th President of the United States, serving from 1865 to 1869; he assumed presidency after the assassination of Abraham Lincoln and was the first president to be impeached.

First Reconstruction Act

Legislation passed in 1867 that began the period of Reconstruction in the United States, dividing the South into military districts and requiring states to ratify the 14th Amendment and provide suffrage to black males.

Southern State Governments

The executive, legislative, and judicial branches that govern the states located in the Southern region of the United States.