The demand for products from

The demand for products from monopolistic competitors is relatively elastic due to:...

2021年CFA考试《Level Ⅰ》考试题库-CFA考试(Level Ⅰ)-Study Session 4 Economics Microeconomic Analysis-

财会经济-CFA特许金融分析师

单选题-The demand for products from monopolistic competitors is relatively elastic due to:

单选题

A.High barriers to entry.

B.The availability of many close substitutes.

C.The availability of many complementary goods.

我个人认为这个应该是:B

解析:The demand for products from firms competing in monopolistic competition is relatively elastic due to the availability of many close substitutes. If a firm increases its product price, it will lose customers to firms selling substitute products at lower prices.

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