Business, 16.11.2019 01:31 agarcia24101993

How does the existence of substitutes affect the price elasticity of demand? a) the existence of substitutes leads to higher prices in the marketplace. b) if there are many substitutes, the price elasticity of the good is more elastic. c) the existence of substitutes leads to a situation with perfect elasticity. d) the existence of substitutes makes the price elasticity of demand inelastic.

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How does the existence of substitutes affect the price elasticity of demand? a) the existence of sub...

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