Which of the Following Is Not a Determinant of Price

question 55

Multiple Choice

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

• A)the number of substitutes for good Z
• B)the percentage of one's budget spent on good Z
• C)the amount of time that has passed since the price of good Z has changed
• D)the number of resources needed to produce good Z.

---

Definitions:

Deep Background

Information provided to a journalist that cannot be attributed to a name or even a confidential source.

Voter Turnout

The percentage of eligible voters who cast a ballot in an election, indicating the level of public engagement and participation in the democratic process.

Service-Sector Employment

Jobs or careers that are part of the service industry, which involves providing services rather than goods, including areas such as retail, healthcare, and education.

Decertification

The process by which a labor union is removed as the representative of a group of workers, often through a vote by the affected employees.