lectur14-page63 - to price changes. P P 1 Q 1 Q The...

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63 D Price Qd/unit time If a commodity has MANY substitutes, demand for the commodity will tend to be more elastic or more responsive
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Unformatted text preview: to price changes. P P 1 Q 1 Q The Availability of Substitutes Demand will tend to have a very flat slope....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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