8. Satelltte TV isaclose substitute for cable TV. In the 1990
developed that made it less costly for individual conSuIners
Service. Ihis caused the price elastieity of demand for cable TV :
A. becorme more inelastic.
B. become less elastic.
G. become more elastic.
D. shiftt to the leftt.
AnSs: C
Feedback: Goods with more Substitutes have greater price &lasticity (eoause conSsumers can
readily Switch to or away from them 1f their price changes.
