Which of the Following Is Not a Determinant of a Good's

question 223

Multiple Choice

Which of the following is not a determinant of a good's price elasticity of demand?

• A)the slope of the demand curve
• B)the share of the good in the consumer's total budget
• C)whether the good is a luxury or a necessity
• D)the passage of time

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Definitions:

Fully Dressed

The state of wearing complete attire appropriate for the occasion, leaving no part of the body indecently exposed.

Divorce

The legal dissolution of a marriage by a court or other competent body.

Zunis

Pertains to the Zuni people, a Native American tribe primarily located in New Mexico, known for their cultural and ceremonial practices.

Tetons

A mountain range in the Rocky Mountains in North America, known for its scenic beauty and outdoor recreation opportunities.