Which of These Is Considered a Primary Determinant of Price

question 273

Multiple Choice

Which of these is considered a primary determinant of price elasticity of supply?

• A) whether a good is a luxury item
• B) the availability of substitutes
• C) the time available to make changes to manufacturing plants
• D) the proportion of household income spent on the product or service

---

Definitions:

Panic Attacks

Sudden episodes of intense fear or discomfort, often with physical symptoms like heart palpitations and dizziness.

Depression

A disorder of emotional well-being characterized by endless melancholia or a disinterest in leisure activities, drastically hampering daily life tasks.

Anxiety Disorders

Mental health disorders characterized by excessive fear or worry, which can interfere with daily activities.

Traumatic Brain Injuries

Damage to the brain caused by an external mechanical force, potentially leading to long-term complications or death.