The Determinants of Elasticity Include

question 92

Multiple Choice

The determinants of elasticity include

• A) availability of substitutes.
• B) price relative to income.
• C) time.
• D) all of the above

---

Definitions:

Net Income

The financial metric representing the company's profit calculated by removing all relevant expenses from its total revenue.

Earnings Per Share

A financial metric calculated by dividing a company's net income by the number of its outstanding shares of common stock, indicating the amount of profit attributed to each share.

Operating Segment

An operating segment is a component of a company that engages in business activities from which it can earn revenues and incur expenses, and whose operating results are regularly reviewed by the company's management.

External Customers

Individuals or businesses outside of the company who purchase its products or services, as opposed to internal stakeholders.