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:

SWOT Analysis

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Strengths And Weaknesses

An assessment of the positive attributes and areas for improvement in an individual, organization, or strategy.

Contingency Planning

The process of preparing strategies to deal with potential future emergencies, disruptions, or unexpected events.

Organizational Structure

The system of rules, roles, and responsibilities within a company that determines how it operates and how its employees work together.