List Five Factors That Affect Elasticity of Demand and Briefly

question 56

Essay

List five factors that affect elasticity of demand and briefly describe how each affects demand.

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Definitions:

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, a vital sign crucial for assessing cardiovascular health.

Enovid-E 21

A pharmaceutical preparation previously used for contraception.

Ortho-Novum

A brand of oral contraceptive pills used to prevent pregnancy.