Which of the Following Is Not a Determinant of the Price

question 187

Multiple Choice

Which of the following is not a determinant of the price elasticity of demand for a good?

• A)the time horizon
• B)the steepness or flatness of the supply curve for the good
• C)the definition of the market for the good
• D)the availability of substitutes for the good

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Definitions:

Fishes

Fishes comprise a diverse group of aquatic creatures with gills and fins, living in fresh or saltwater environments, known for their role in ecological systems and as a food source.

Devonian Period

A geologic period of the Paleozoic Era, approximately 419.2 to 358.9 million years ago, known as the "Age of Fishes" due to the diversity and abundance of fish species.

Photosynthetic Autotrophs

Organisms that can produce their own food from inorganic substances using light as an energy source.

Burgess Shale

A famous fossil field located in the Canadian Rockies of British Columbia, known for the exceptional preservation of the soft parts of its fossils from the Cambrian Period.