If Many Good Substitutes Exist for a Competitive Firm's Product,what

question 141

Multiple Choice

If many good substitutes exist for a competitive firm's product,what type of demand curve does it face

• A)unit elastic
• B)perfectly inelastic
• C)perfectly elastic
• D)inelastic only over a certain region

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Definitions:

Excitement Stage

The initial phase of the human sexual response cycle, characterized by physiological arousal and preparation for sexual activity.

Chain Migration

A social process by which migrants from a particular town follow others from that town to a specific destination.

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