Price Elasticity of Demand Is Determined by a Number of Factors

question 99

Multiple Choice

Price elasticity of demand is determined by a number of factors such as whether the item is a luxury product or service,the availability of substitutes,the cash outlay of purchase relative to a person's disposable income,and

• A) the stage of the product or service in its product life cycle.
• B) the degree of carrying costs for the manufacturer or distributor.
• C) the financial resources of the organization itself.
• D) the ability of the organization to meet sudden increases in demand.
• E) the necessity of the product or service.