Introduction to Economics 1 Deneme Sınavı Sorusu #726103

Which of the followings is not among the factors that affect the price elasticity of a good?

The time period

The input prices of the good

Availability of close substitutes

The good being a necessity or luxury for the consumer

Weight of the good's cost in the consumers' budget

Yanıt Açıklaması:

The price elasticity of demand for a good or service depends on many factors such as whether close substitutes are available, the good is necessity of luxury for the consumer, share (weight) of the good’s cost in the consumers’ budget, and the time period. The correct answer is B.

PAYLAŞ:

SORUNUN CEVABI: B

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