Several Companies Produce Latex Gloves That Are Used in a Variety

question 109

Multiple Choice

Several companies produce latex gloves that are used in a variety of different industries. If one of the glove manufacturers decreases its price by just a few percentage points, it will result in a significant increase in quantity demanded. The demand for latex gloves is

• A) synergistic.
• B) inelastic.
• C) unitary.
• D) elastic.
• E) static.

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