经济学原理习题解答(5-8章).pdfVIP

CH5~6作業解答 CH5 1. a. Mystery novels have more elastic demand than required textbooks because mystery novels have close substitutes and are a luxury good, while required textbooks are a necessity with no close substitutes. If the price of mystery novels were to rise, readers could substitute other types of novels, or buy fewer novels altogether. But if the price of required textbooks were to rise, students would have little choice but to pay the higher price. Thus, the quantity demanded of requ