Which Is NOT a Determinant of the Elasticity of Demand

question 66

Multiple Choice

Which is NOT a determinant of the elasticity of demand?

• A)The proportion of income consumers spend on the good
• B)The number of sellers
• C)The availability of substitutes
• D)Time

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Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by the central bank.

Unmasked Input

Unmasked input refers to input data in digital systems that is processed without modification or filtering by a masking operation, meaning all bits in the input are taken into account in the processing.

PL1 Output

In the context of programmable logic controllers (PLCs), PL1 Output might refer to a specific output channel or signal designated as "PL1," used for controlling external devices based on programmed logic.

Data Block

A structured set of data stored in databases or memory, often containing related information for a specific purpose.