Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than

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Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than a more broadly defined good (food)?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 06:05 AM

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Why is a more narrowly defined good (pizza) likely to have a greater elasticity of demand than

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There are more good substitutes for more narrowly defined good ...View the full answer

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