A normal good with close substitutes is likely to have its price elasticity of demand?...
ECONOMICS
JAMB 2001
A normal good with close substitutes is likely to have its price elasticity of demand?
- A. between zero and one
- B. equal to unity
- C. less than unity
- D. greater than unity
Correct Answer: D. greater than unity
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *