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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1263188
Introduction to Economics 1 Deneme Sınavı Sorusu #1263188
Which of the following is not one of the factors that the price elasticity of demand for a good or service depends on?
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Whether close substitutes are available |
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If the good is necessity or luxury for the consumer |
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The share of the good’s cost in the consumers’ budget |
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The time period. |
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Technological dependence |
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.
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