I have a Economics Question?

  • Thread starter Thread starter Jorry
  • Start date Start date
J

Jorry

Guest
The demand for a good will be highly elastic if:

a. the good represents only a tiny proportion of income.
b. the good is a necessity.
c. the good has a number of very close substitutes.
d. has only one, or a limited number of, uses.
 
Back
Top