Multiple Choice
Which is not a determinant of the price elasticity of demand for most products?
A) The slope of the demand curve for a product
B) The number of good substitutes available for the product
C) The proportion of most consumers' budget spent on the product
D) The amount of time consumers have to adjust their purchases of a product to a change in its price
Correct Answer:
Verified
Correct Answer:
Verified
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