The more narrowly we define a good the easier it is to find


The more narrowly we define a good, the easier it is to find substitutes, and

a. the greater is the number of producers of that good

b. the greater is the supply-side response

c. fewer consumers therefore wish to purchase the good

d. less elastic is the demand for that good

e. more elastic is the demand for that good

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Business Economics: The more narrowly we define a good the easier it is to find
Reference No:- TGS0986094

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