Multiple Choice
Price elasticity is impacted by all of the following EXCEPT:
A) the number of competing products available.
B) the percentage of a person's budget allocated to different products and services.
C) the number of substitute products available.
D) the amount of fixed versus variable costs involved in producing the product or service.
E) whether a person considers product a necessity or a luxury.
Correct Answer:
Verified
Correct Answer:
Verified
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