Soru
The fewer the substitutes for a good or service, the more __ is the demand for it The smaller the proportion of income spent on a good, the more __ is the demand for it A. inelastic; elastic B. inelastic; inelastic C. elastic; inelastic D. elastic; elastic
Çözüm
4.2
(146 Oylar)
Varol
Usta · 5 yıl öğretmeni
Uzman doğrulaması
Cevap
B. inelastic; inelastic
Daha Fazla
## Step 1The first statement is about the demand for a good or service when there are fewer substitutes available. In economics, when a good or service has few or no substitutes, it is considered inelastic. This means that the demand for it does not change significantly with changes in price.## Step 2The second statement is about the demand for a good when the proportion of income spent on it is small. In this case, the demand is considered inelastic. This is because when a small proportion of income is spent on a good, the demand for it does not change significantly with changes in price.