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:
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.
Tag：微观经济学 中国大学MOOC微观经济学
时间：2021-12-11 14:36:47
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