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'Good A' is known to have many close substitutes- Holding all else con.docx

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'Good A' is known to have many close substitutes. Holding all else constant, a price increase would most likely cause total revenues from good A to (Hint: Does having many close substitutes make Good A more elastic or more inelastic?) decrease stay unchanged increase .

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'Good A' is known to have many close substitutes. Holding all else constant, a price increase would most likely cause total revenues from good A to (Hint: Does having many close substitutes make Good A more elastic or more inelastic?) decrease stay unchanged increase

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