Newspapers Have Seen a Steep Decline in Readership Due to the Availability

question 63

Multiple Choice

Newspapers have seen a steep decline in readership due to the availability of 24 h news channels.This demonstrates that the elasticity of demand

• A)is dependent on the availability of substitutes.
• B)is invariant for luxury items.
• C)is invariant for necessary items.
• D)is independent of consumer desire.

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