The reason a brand name item (e.g., Tyson chicken) has a larger price elasticity than a class of items (e.g., chicken) is that:

A.the share of income spent on “chicken” is larger than spent on “Tyson Chicken”.

B.it takes a lot of time to adjust to a substitute brand of chicken.

C.there are fewer substitutes for Tyson chicken than for chicken generally.

D.there are fewer substitutes for chicken generally than for Tyson chicken.

正确答案：there are fewer substitutes for chicken generally than for Tyson chicken.

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The reason a brand name item (e.g., Tyson chicken) has a larger price elasticity than a class of items (e.g., chicken) is that:

相关文章

Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?

Economics is best defined as the study of:

Economics is the study of:

Economists recognize that because people have limited resources:

The Scarcity Principle states that:

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The reason a brand name item (e.g., Tyson chicken) has a larger price elasticity than a class of items (e.g., chicken) is that:

相关文章

Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?

Economics is best defined as the study of:

Economics is the study of:

Economists recognize that because people have limited resources:

The Scarcity Principle states that:

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发表评论取消回复