The more narrowly we define a good the easier it is to find, Ask an Expert

Economics

The more narrowly we define a good, the easier it is to find substitutes, and

a. the greater is the number of producers of that good

b. the greater is the supply-side response

c. fewer consumers therefore wish to purchase the good

d. less elastic is the demand for that good

e. more elastic is the demand for that good

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91272244

Have any Question?Write your Review or question?

Related Questions in Business Economics

A team of researcher randomly separates their studys

A team of researcher randomly separates their Study's participants into two groups, giving one group a placebo and the other a new treatment to be tested. As the treatment i not experimental, both participants and resear ...

The united states appears at times to have a totally

The United States appears at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as early as the late 194 ...

A sample of 184 randomly selected students found that the

A sample of 184 randomly selected students, found that the proportion of students planning to travel home for Thanksgiving is 0.69. What is the standard deviation of the sampling deviation?

A local postal carrier distributes first-class letters

A local postal carrier distributes first-class letters, advertisements, and magazines. For a certain day, she distributed the following number for each type of item. Delivered to First Class Letters Ads Magazines Home ...

Once you have the total product curve plotted with the

Once you have the total product curve plotted with the below data, how do you calculate the average product of labor at different units of labor? And the marginal products of labor? 1 unit of labor=2 outputs per week 2 u ...

In an experian automotive 2008 study the average number of

In an Experian Automotive 2008 study, the average number of vehicles per household in the United States was found to be 2.28 vehicles. The results also showed that almost 35% of households have three or more vehicles. A. ...

Sally purchases hardwood lumber for a custom

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...

Based on your understanding of elasticity will the

Based on your understanding of elasticity, will the elasticity of demand for Honda sedans increase, decrease, or remain the same when each of the following events occurs? Explain your answer. a. Other car manufacturers, ...

Suppose the market demand and market supply curves are

Suppose the market demand and market supply curves are given by the following equations: QD = 120 - 10P QS = 20P a. Draw a figure of supply and demand representing this market. Be sure to label the axes and intercepts. ( ...

Some statistics students were interested in finding out in

Some Statistics students were interested in finding out in there was a relationship between the number of hours of study for a chapter and the score on that test. On the basis of the number of hours their classmates stud ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert