Question: When would demand for a good tend to be more inelastic? a. when there are fewer available substitutes b. when the time period considered is

When would demand for a good tend to be more inelastic?

a. when there are fewer available substitutes

b. when the time period considered is longer

c. when the good is considered more of a luxury good

d. when the market is more narrowly defined

why is the answer A?

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