Solved

Which of These Would Result in a Higher Price Elasticity

Question 171

Multiple Choice

Which of these would result in a higher price elasticity of demand?

A) a shorter period of time for adjustment
B) a good becoming a necessity
C) fewer substitutes available
D) a longer time period for adjustment

Related Questions

Q166: Which of these indicates a possible income

Q167: If the price of a product falls

Q168: An inferior good is a good that<br>A)

Q169: If oranges cost $4 a bag last

Q170: (Figure: Determining Consumer and Producer Surplus) Based

Q172: Products on which consumers spend a large

Q173: As the owner of a kayak tour

Q174: Goods that are normally consumed together, such

Q175: If a product's price rises by 6%

Q176: In the short run, producers have the