Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 14 - The Demand for Resources - Review Questions: 4

Answer

Elastic

Work Step by Step

This is very elastic, for it is easily replaceable with other brands of lettuce, so an increase in price will cause people to quickly switch to other brands.
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