Which of the Following Is Not Considered to Be a Determinant

question 8

Multiple Choice

Which of the following is not considered to be a determinant of the price elasticity of demand for a particular good?

• A)The number of available substitutes.
• B)The cost of the good relative to total income.
• C)The quantity of the good that is supplied to the market.
• D)The time period under consideration.

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Definitions:

Subjective Measure

An assessment method based on personal opinions, interpretations, or feelings rather than objective criteria or metrics.

Performance

The execution of an action or task in consideration of its efficiency, effectiveness, and quality.

Net Profits

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue.

Focal Leader

A primary leader who is the central point of guidance and decision-making within a group or organization.