Examlex

Solved

Which of the Following Will Not Determine the Elasticity of Demand

question 35

Multiple Choice

Which of the following will not determine the elasticity of demand for bank tellers,which is a competitive input industry?


Definitions:

Units

Units refer to the individual, standardized quantities of a product or measurement used for counting, assessment, or comparison.

Government Program

A plan or project undertaken by a government to provide public services, address social issues, or achieve economic objectives.

Subsidy

A grant or financial assistance provided by the government or an organization to support a business, market, or economic sector.

Selling Price

The amount of money for which goods or services are offered for sale to customers.

Related Questions