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Which of the Following Will NOT Affect the Elasticity of Demand

Question 67

Multiple Choice

Which of the following will NOT affect the elasticity of demand for a product?


A) the number of substitutes
B) how long consumers have to adapt to price changes
C) the cost of producing the product
D) the percentage of the consumer's budget spent on the product
E) all of the above will affect the elasticity of demand for a product

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