Narrowly we define good easier it is to find substitutes

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Reference no: EM13732882

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

Reference no: EM13732882

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