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The Determinants of Price Elasticity of Demand Include

Question 55

Multiple Choice

The determinants of price elasticity of demand include:


A) availability of substitutes, cost relative to benefit, and scope of market.
B) degree of necessity, cost relative to income, scope of market, and adjustment time.
C) availability of complements, cost relative to income, and scope of market.
D) cost relative to income, scope of demand, and adjustment time.

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