Which One of the Following Factors Influences the Price Elasticity

question 49

Multiple Choice

Which one of the following factors influences the price elasticity of demand?

• A) the slope of the supply curve
• B) the recession number of buyers
• C) inflation
• D) the time frame

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Definitions:

Material Elements

Physical components or substances that make up objects or environments.

Media Platform

A technology or service that enables content creation, sharing, and broadcasting to a wide audience, such as television, radio, or the internet.

Social Constructivism

A theory in sociology and philosophy which posits that realities are socially constructed, emphasizing the significance of human interaction in developing shared meanings and understandings.

Technological Determinism

The theory that technology shapes societal structures, values, and relationships in a deterministic manner, with minimal human control or influence.