Solved

Demand Sensitivity Depends on All of the Following Except

Question 109

Multiple Choice

Demand sensitivity depends on all of the following except:


A) how low is the price of the good.
B) the sensitivity of firms' output to changes in its price.
C) the consumer's income.
D) the availability and closeness of substitutes.
E) the amount of time a consumer has to adjust to price changes.

Correct Answer:

verifed

Verified

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

Related Questions