Ask Question
BusinessBusiness
9 January, 22:25

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

+2
Answers (1)
  1. 9 January, 22:52
    0
    d. The demand for any individual brand is less elastic than industry aggregate demand

    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Adam is a part-time employee who earned $495.00 during the most recent pay period. He is married with two withholding allowances. Prior to this pay period, his year-to-date pay is $6,492.39.
Answers (1)
When inflation begins to climb to unacceptable levels in the economy, the government should: A. use contractionary fiscal policy to shift aggregate demand to the right. B. use contractionary fiscal policy to shift aggregate demand to the left. C.
Answers (1)
The employees at a factory were excellent workers until a week before christmas when a rumor spread that economic conditions would force the plant to close in four days.
Answers (1)
Getting a flu shot reduces the chances of spreading the illness to one's classmates and friends. why, then, is this considered a market failure due to external benefits?
Answers (2)
To be effective, brand differentiation must be based on tangible as well as intangible differences between brands. T/F
Answers (1)
New Questions in Business
Which of the following statements about knowledge is true? Data and information are the same as knowledge. Knowledge resides in information. Knowledge is the understanding that one gains from information.
Answers (1)
A client with acquired immunodeficiency syndrome (AIDS) develops Pneumocystis carinii pneumonia. Which nursing diagnosis has the highest priority? A. Impaired oral mucous membranes B. Activity intolerance C.
Answers (1)
Beaver Construction purchases new equipment for $38,160 cash on April 1, 2018. At the time of purchase, the equipment is expected to be used in operations for six years (72 months) and have no resale or scrap value at the end.
Answers (1)
Identify an advantage of working in teams. O A. Strong work ethics O B. Less wasted time O C. More ideas O D. Less skills SUBI
Answers (2)
Identify the major task that must be mastered in early adulthood, according to levinson.
Answers (1)
Home » Business » 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.
Sign Up Forgot Password?