When a Good Has Many Close Substitutes Available,it Is Likely

question 98

Multiple Choice

When a good has many close substitutes available,it is likely to be:

• A) less price elastic than are goods without close substitutes available.
• B) more price elastic than are goods with many complement goods available.
• C) less price elastic than are goods with many complement goods available.
• D) more price elastic than are goods without close substitutes available.

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Definitions:

Private Communications

Messages or information exchanges that are intended for a specific person or group and not for public access.

Security Concerns

Issues related to the protection of data, systems, and networks from threats and vulnerabilities.

Indirect Approach

A communication strategy where the main point or request is presented after providing background information or building a rationale, often used to soften negative news.

Information Providing

The act of supplying data or facts to help someone learn or make decisions.