An Important Determinant of the Price Elasticity of Demand Is

question 33

Multiple Choice

An important determinant of the price elasticity of demand is the:

• A)price of related goods.
• B)level of technology.
• C)availability of substitutes.
• D)quantity of the good supplied.

---

Definitions:

Approving Nod

A gesture made by moving the head up and down to signify agreement or approval.

Cool Drink

A beverage served chilled, often refreshing and consumed to quench thirst or provide relief from heat.

Pain Relief

Methods or treatments used to reduce the intensity of pain experienced by an individual.

Positive Stimulus

An event or object that encourages a favorable response from an individual or system.