"The Fewer the Number of Substitutes for a Product,the More

question 163

Essay

"The fewer the number of substitutes for a product,the more elastic the demand for that product." Is the previous statement true or false?

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Definitions:

Personal Magnetism

An individual's charismatic and attractive qualities that draw others towards them.

Charisma

A unique personal quality attributed to individuals that inspires devotion, enthusiasm, or affection in others, often associated with leadership.

Attractiveness

Attractiveness refers to the qualities that make a person or thing appealing or pleasing in appearance or other traits.

Synonym Definition

An explanation for a word that has the same or nearly the same meaning as another word.