The Price Elasticity Coefficient of Demand Is

question 95

Multiple Choice

The price elasticity coefficient of demand is:

• A) negatively related to the percentage of one's budget spent on a good or service.
• B) not related to the availability of good substitutes for a good or service.
• C) related to the availability of good complements for a good or service.
• D) higher the longer a price change persists.

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