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15 August, 13:17

What type of demand would there be for a good that had NO substitutes? Select One Elastic or Inelastic

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Answers (2)
  1. 15 August, 16:13
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    Answer:if no substitutes are available, demand for a good is more likely to be inelastic.
  2. 15 August, 16:42
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    Inelastic

    Explanation: When several close substitutes are available, consumers can easily switch from one good to another even if there is only a small change in price. Conversely, if no substitutes are available, demand for a good is more likely to be inelastic.
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