Which of These Is NOT a Determinant of the Price

question 141

Multiple Choice

Which of these is NOT a determinant of the price elasticity of demand?

• A) sales tax rate placed on an item
• B) availability of substitute products
• C) whether the item is a necessity or a luxury
• D) time for adjustment

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Definitions:

Rheumatoid Arthritis

A chronic inflammatory disorder affecting the joints, characterized by pain, swelling, and potential loss of function, primarily in the hands and feet.

Thoracic Vertebrae

The segment of the spine located in the mid-back, consisting of 12 vertebrae that are attached to the rib cage.

Posterior Attachment

A term typically used in anatomy to refer to structures attached towards the back side of the body.

Inflammation

the body's defensive response to injury, infection, or irritation, characterized by redness, heat, swelling, and pain.