Question: Demand curve for an unknown product line graph. The x-axis is labeled quantity (thousands of units per year. The y-axis is labeled price (dollars per
Demand curve for an unknown product line graph. The x-axis is labeled quantity (thousands of units per year. The y-axis is labeled price (dollars per unit). The demand curve is a vertical line near the center of the graph. We can conclude that this product: Has many substitutes Has no substitutes Is a luxury good Is being sold at too high a price
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