Goods with Close Substitutes Tend to Have More Elastic Demands

question 59

True/False

Goods with close substitutes tend to have more elastic demands than do goods without close substitutes.

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The first amendment to the United States Constitution, guaranteeing freedoms concerning religion, expression, assembly, and the right to petition.

Supreme Court

The highest federal court in a country, often having the final say in cases involving federal law or constitutional issues.

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