Which of the Following Is NOT a Determinant of the Price

question 242

Multiple Choice

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

• A) the number of producers of the good
• B) the number of substitutes available to buyers
• C) the time consumers have to adjust to a price change
• D) expenditures on the item as a percentage of a consumer's total budget

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Definitions:

Assets

Resources or items of value owned by an individual or organization that have economic value or can provide future benefits.

Taiwanese Researchers

Scientists or academicians from Taiwan who conduct systematic investigations to establish facts or principles in various fields.

Black Tea

A type of tea that is more oxidized than oolong, green, and white teas, known for its strong flavor and higher caffeine content.

LDL Cholesterol

Low-density lipoprotein cholesterol, often referred to as "bad" cholesterol, which can lead to plaque buildup in arteries.