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If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:

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If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:

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题目:If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:

If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:

A.elastic.

B.perfectly elastic.

C.unit elastic.

D.inelastic.


正确答案:inelastic.

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If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:

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