Demand will tend to be more price elastic when

0 votes
    There are many substitutes in the market for the good or services, the good or service comprises a small part of the consumers budget and a short time period is under consideration..
     There are few substitutes for the good or service in the market, and the good or service comprises a small part of the consumers budget..
     There are many substitutes in the market for the good or services, the good or service comprises a large part of the consumers budget and a long time period is under consideration..
     There are few substitutes in the market for the good or service and a short time period is under consideration.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
There are many substitutes in the market for the good or services, the good or service comprises a large part of the consumers budget and a long time period is under consideration..
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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