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

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Definitions:

Pelvic Splanchnic Nerves

Nervous system fibers that originate from the sacral spinal nerves, innervating the pelvic organs.

Spinal Nerves

Nerves that originate from the spinal cord, conveying motor, sensory, and autonomic signals between the spinal cord and the body.

Adrenergic

Relating to nerve cells or fibers that release adrenaline (epinephrine) or noradrenaline (norepinephrine) as a neurotransmitter.

Postganglionic Sympathetic

Refers to the neurons in the sympathetic nervous system that transmit nerve impulses away from the ganglia to target organs.