![Other things equal, if a good has more substitutes, its price elasticity of demand is](https://www.gkseries.com/blog/wp-content/uploads/2022/09/Other-things-equal-if-a-good-has-more-substitutes-its-price-elasticity-of-demand-is.png)
Q. Other things equal, if a good has more substitutes, its price elasticity of demand is:
- Larger
- Smaller
- Zero
- Unity
Answer: Larger
Q. Other things equal, if a good has more substitutes, its price elasticity of demand is:
Answer: Larger
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