asked 214k views
4 votes
A product that has few substitutes tends to be:

a. elastic
c. unit elastic
b. inelastic
d. a complimentary good

asked
User Aseferov
by
8.7k points

2 Answers

4 votes

Answer:

b. inelastic

Step-by-step explanation:

answered
User Kavatari
by
8.0k points
3 votes
A product that has few substitutes tend to be inelastic. Inelastic because they are unique products that you can only find few substitute on it. One of the most famous example is gasoline, in any case you cannot find any substitute to gasoline to make your car run even without it.
answered
User Magicgregz
by
8.9k points
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