Avaibility of close Substitutes makes the demand:

CA Foundation · Business Economics · MTP · June 2024
Avaibility of close Substitutes makes the demand:
(A) A. more elastic
(B) B. less elastic
(C) C. Parallel to Y Axis
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. more elastic

Topics: Theory of Demand and Supply

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