If consumers think that there are very few substitutes for a good, th – McqOptions

MCQOPTIONS

1.	If consumers think that there are very few substitutes for a good, then ?
A.	Supply would tend to be price elastic
B.	none of these answers
C.	demand would tend to be price inelastic
D.	demand would tend to be price elastic
Answer» D. demand would tend to be price elastic

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