SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

How can Substitutes be an Influence to Price Elasticity of Demand

Author: go kys



Answer:

-More Alternatives a Good has will make it more Price Elastic Demand as Consumers will be able to switch to an Alternative if the Price Rises -The Number of Substitutes is based on how Closely Linked they are.


0 / 5  (0 ratings)

1 answer(s) in total

Author

go kys
go kys