Lack of Good Substitutes for a Particular Product Affects Its

question 1

Multiple Choice

Lack of good substitutes for a particular product affects its demand curve as follows:

• A) Makes it more elastic
• B) Makes it less elastic
• C) Makes it unitary elastic
• D) Doesn't affect it at all
• E) Cannot be determined without knowing the supply curve

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Definitions:

Selection Process

The series of steps followed by an organization to identify, assess, and hire a candidate to fill a job vacancy.