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When a Good Is More Narrowly Defined (For Example, Airline

Question 26

Multiple Choice

When a good is more narrowly defined (for example, airline travel versus Delta Airlines travel) ,


A) it will have fewer available substitutes so demand will be more elastic.
B) it will have fewer available substitutes so demand will be less elastic.
C) it will have more available substitutes so demand will be more elastic.
D) it will have more available substitutes so demand will be less elastic.

Correct Answer:

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