Goods with few available substitutes tend to have inelastic demand curves.

Name: Goods with few available substitutes tend to have inelastic demand curves.
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Question

Goods with few available substitutes tend to have inelastic demand curves.
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Quizplus · Accepted Answer

When goods have few available substitutes, consumers have limited options to choose from, making them more willing to pay a higher price for the good. This results in a relatively unresponsive demand curve, which is known as an inelastic demand curve.

Goods with Few Available Substitutes Tend to Have Inelastic Demand