Introduction to Economics 1 Deneme Sınavı Sorusu #1256845

Which of the following factor cannot be listed as one of the determinants of the Price Elasticity of Demand?

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,

the time period.

The importance of being important.

Yanıt Açıklaması:

Determinants of Price Elasticity of Demand

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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