The demand will be ________ if the consumer has ________ substitute goods to choose from
A)elastic;less
B)inelastic;more
C)elastic;more
D)elastic;no

Question

Quizplus · Accepted Answer

When a consumer has more substitute goods to choose from, they are more likely to switch to a different product if the price of their preferred product changes. This makes the demand more elastic, meaning that a small price change will result in a larger change in the quantity demanded. Therefore, Choice C - "elastic; more" - is the best answer.

The Demand Will Be ________ If the Consumer Has ________

The Demand Will Be If the Consumer Has