There Are Several Close Substitutes for Bayer Aspirin but Fewer

question 87

Multiple Choice

There are several close substitutes for Bayer aspirin but fewer substitutes for a complete medical examination. Therefore, all other things equal, you would expect the demand for:

• A) medical exams to be more price-elastic.
• B) Bayer aspirin to be more price-elastic.
• C) Bayer aspirin to be more price-inelastic.
• D) the two to be equally price-elastic.

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Definitions:

Somatic Cell

Any cell of a living organism other than the reproductive cells.

Egg

Female gamete.

Sperm

Male gamete.

DNA Replication

Process by which a cell duplicates all of its DNA before it divides.