![Business](/tpl/images/cats/ekonomika.png)
Resource X has many close substitutes, whereas resource Y has no close substitutes. Other things equal, we would expect
a. the demand for resource Y to be more elastic than the demand for resource X.
b. resources X and Y to be close substitutes.
c. resource X to be more expensive than resource Y.
d. the demand for resource X to be more elastic than the demand for resource Y.
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Answers: 2
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Resource X has many close substitutes, whereas resource Y has no close substitutes. Other things equ...
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