Introduction to Economics 1 Deneme Sınavı Sorusu #1275069

The good is necessity or luxury for the consumer. Whether close substitutes are available or not. Share (weight) of the good’s cost in the consumers’ budget, and the time period. Which of the factors above does the price elasticity of demand depend on?

Only I

Only II

I and III

II and III

I, II and III

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.

PAYLAŞ:

SORUNUN CEVABI: E

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Introduction to Economics 1 Deneme Sınavı Sorusu #1275069

The good is necessity or luxury for the consumer. Whether close substitutes are available or not. Share (weight) of the good’s cost in the consumers’ budget, and the time period. Which of the factors above does the price elasticity of demand depend on?

SORUNUN CEVABI: E

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