The Determinants of Price Elasticity of Demand Include

question 55

Multiple Choice

The determinants of price elasticity of demand include:

• A) availability of substitutes, cost relative to benefit, and scope of market.
• B) degree of necessity, cost relative to income, scope of market, and adjustment time.
• C) availability of complements, cost relative to income, and scope of market.
• D) cost relative to income, scope of demand, and adjustment time.