Which Is Not a Determinant of the Price Elasticity of Demand

question 87

Multiple Choice

Which is not a determinant of the price elasticity of demand for most products?

• A) The slope of the demand curve for a product
• B) The number of good substitutes available for the product
• C) The proportion of most consumers' budget spent on the product
• D) The amount of time consumers have to adjust their purchases of a product to a change in its price

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Definitions:

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