menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
The more narrowly we define a good, the easier it is to find substitutes, and
asked
Sep 4, 2018
167k
views
2
votes
The more narrowly we define a good, the easier it is to find substitutes, and
Business
high-school
Unquiet Mind
asked
by
Unquiet Mind
7.5k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
1
vote
The more narrowly we define a good, the easier it is to find substitutes, and the demand for the good becomes more elastic. Things are assumed to be constant when there is a narrow definition compared to when it has a broader definition.
Elvis
answered
Sep 10, 2018
by
Elvis
7.7k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Feb 13, 2018
171k
views
The demand for a product is likely to be more elastic: a. when the market for a product is less narrowly defined. b. when a product has fewer substitutes availablewhen a product has fewer substitutes
Adam Milward
asked
Feb 13, 2018
by
Adam Milward
8.9k
points
Business
high-school
1
answer
2
votes
171k
views
asked
Nov 9, 2020
139k
views
a) Which of the following statements is true?A) The more narrowly we define a market, the more elastic the demand for a product will be.B) In general, if a product has few substitutes it will have an elastic
Ape
asked
Nov 9, 2020
by
Ape
7.7k
points
Business
high-school
1
answer
3
votes
139k
views
asked
Apr 28, 2020
107k
views
Other things equal, the demand for a good tends to be more inelastic, thea.fewer the available substitutes.b.longer the time period considered.c.more the good is considered a luxury good.d.more narrowly
Defozo
asked
Apr 28, 2020
by
Defozo
7.9k
points
Business
college
1
answer
1
vote
107k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org