Solved

Which of the Following Does NOT Influence the Price Elasticity

Question 79

Multiple Choice

Which of the following does NOT influence the price elasticity of demand?


A) Whether the good is a necessity or a luxury.
B) The amount by which the demand curve shifts when the price of another good changes.
C) The number of substitutes available to consumers.
D) The time period buyers have to respond to a price change.
E) The price of the good relative to total income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions