Economics JAMB

A normal good with close substitutes is likely to have its price elasticity of demand?
A normal good with close substitutes is likely to have its price elasticity of demand?A normal good with close substitutes is likely to have its price elasticity of demand?

A. between zero and one
B. equal to unity
C. less than unity
D. greater than unity

Correct Answer:

Option D – greater than unity

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4 years ago

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