Question

Which of the following is false? a. ​ In the long run, demand curves become more elastic b. ​ Products with many complements have less elastic demand c. ​ Products with more close substitutes have more elastic demand d. ​ The demand for any individual brand is less elastic than industry aggregate demand

Answer 1

d. ​ The demand for any individual brand is less elastic than industry aggregate demand

Step-by-step explanation:

A consumer will change brand before leaving the market

as considering the consumer wants to maximize their utility it will always consume for that goal as the bran is a premium which provides utility as the price of that particular brand cuts form their competitors it will make the demad more elastic as i is cheaper to move toother suppliers