Which of the Following Will NOT Affect the Elasticity of Demand

question 67

Multiple Choice

Which of the following will NOT affect the elasticity of demand for a product?

• A)the number of substitutes
• B)how long consumers have to adapt to price changes
• C)the cost of producing the product
• D)the percentage of the consumer's budget spent on the product
• E)all of the above will affect the elasticity of demand for a product

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Definitions:

All-Liquid Diet

A diet that consists solely of liquids or foods that turn to liquid at room or body temperature.

Clear Gelatin Desserts

A type of dessert made by dissolving gelatin in water, often flavored and sweetened, that sets to a firm consistency upon cooling.

Strained Fruit Juice

Juice from fruits that has been filtered to remove solid particles, seeds, and pulp.

Imaging

The process of creating visual representations of the interior of a body for clinical analysis and medical intervention.