Which of the Following Does NOT Influence the Price Elasticity

question 187

Multiple Choice

Which of the following does NOT influence the price elasticity of demand?

• A) the amount by which the demand curve shifts when the price of another good changes
• B) the number of substitutes available to consumers
• C) the price of the good relative to total income
• D) the time period buyers have to respond to a price change
• E) whether the good is a necessity or a luxury

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Definitions:

Spinal Reflex

A rapid, automatic response initiated in the spinal cord without conscious brain involvement, typically in response to a stimulus.

Sensory Neuron

A type of neuron responsible for converting external stimuli from the environment into internal electrical impulses.

Motor Neuron

A type of neuron responsible for conveying impulses from the brain or spinal cord to muscles or glands, enabling movement and action.

Endocrine System

A collection of glands that secrete hormones directly into the bloodstream to regulate body processes like growth, metabolism, and mood.