单选题 The demand curves faced by monopolistic competitors is:

A. inelastic due to the availability of many complementary goods.
B. elastic due to the availability of many close substitutes.
C. flat due to the allocative efficiency of price searcher markets.

【正确答案】 B

【答案解析】The demand for products from monopolistic competitors is 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.