Which of the Following Is NOT an Important Factor That

question 164

Multiple Choice

Which of the following is NOT an important factor that affects the magnitude of the own price elasticity of a good?

• A) Available substitutes
• B) Supply of the good
• C) Time
• D) Expenditure share

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Definitions:

Management

The process of directing and controlling resources and activities to achieve specific goals.

Educational Software

Computer applications designed specifically to assist with teaching and learning. They include a wide range of academic subjects and skills.

Unlimited Liability

A legal condition where a business owner or partner can be held personally responsible for the debts and obligations of the business without any limit.

Limited Partner

An investor in a partnership who is not involved in the day-to-day operations and whose liability is restricted to the amount of their investment.