The Price Elasticity of Demand for a Particular Good Is

question 170

Multiple Choice

The price elasticity of demand for a particular good is influenced by which of the following factors?

• A) b and c.
• B) The income of the buyers.
• C) The availability of substitutes.
• D) The level of competition among sellers.
• E) How many uses the good has.

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Definitions:

Susan B. Anthony

Susan B. Anthony was a prominent American civil rights leader who played a pivotal role in the women's suffrage movement to secure women's voting rights.

Florence Kelley

A social and political reformer known for her work against sweatshops and for child labor laws in the United States.

United Mine Workers

A labor union founded in 1890 that represents coal miners and other workers in the mining industry in the United States and Canada.