Question: Could you explain to me why the answer B is correct. I'd be grateful if you can explain why. Thanks! 16. in a monopolistically competitive

Could you explain to me why the answer B is correct.

I'd be grateful if you can explain why.

Thanks!

Could you explain to me why the answer B is correct. I'd

16. in a monopolistically competitive market, as the number of varieties increases, the price because the demand for each variety becomes more a. increases; elastic b. decreases; elastic c. increases; inelastic d. decreases; inelastic ANSWER: B

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