Suppose the government successfully stops the importation of fake Louis Vuitton
ID: 1180151 • Letter: S
Question
Suppose the government successfully stops the importation of fake Louis Vuitton handbags. As a result, the elasticity of demand for genuine Louis Vuitton handbags:would increase as long as some consumers view the fakes as substitutes would increase as long as nobody considers the fakes as substitutes would decrease as long as some consumers view the fakes as substitutes would decrease as long as nobody considers the fakes as substitutes
i belive its the second one but im not sure please help and explain why Suppose the government successfully stops the importation of fake Louis Vuitton handbags. As a result, the elasticity of demand for genuine Louis Vuitton handbags:
Suppose the government successfully stops the importation of fake Louis Vuitton handbags. As a result, the elasticity of demand for genuine Louis Vuitton handbags:
would increase as long as some consumers view the fakes as substitutes would increase as long as nobody considers the fakes as substitutes would decrease as long as some consumers view the fakes as substitutes would decrease as long as nobody considers the fakes as substitutes
i belive its the second one but im not sure please help and explain why would increase as long as some consumers view the fakes as substitutes would increase as long as nobody considers the fakes as substitutes would decrease as long as some consumers view the fakes as substitutes would decrease as long as nobody considers the fakes as substitutes
i belive its the second one but im not sure please help and explain why
Explanation / Answer
would increase as long as nobody considers the fakes as substitutes
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