Which Factor Does NOT Determine the Price Elasticity of Demand

question 222

Multiple Choice

Which factor does NOT determine the price elasticity of demand?

• A)the number of available substitutes
• B)the time available to adjust to price changes
• C)the proportion of the budget spent on the item
• D)the slope of the supply curve

---

Definitions:

State of Mind

The particular condition or mood a person is in at any given time, often relevant in determining intent in legal contexts.

Intent

The purpose or aim behind an action, demonstrating a conscious decision to perform that particular act.

Larceny

The wrongful taking and carrying away of another person’s personal property with the intent to permanently deprive the owner of the property. Some states classify larceny as either grand or petit, depending on the property’s value.

Force

The application of physical power or coercion; in legal contexts, it refers to compulsion by threat or physical action.