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:

Trading Securities

Financial instruments like stocks or bonds that are bought and sold for the purpose of generating profits on short-term fluctuations in price.

Trading Gains

Profits realized from buying and selling financial instruments within a short period, aiming to benefit from market price movements.

Minority Passive Investments

Investments in which the investor holds a non-controlling stake and does not actively participate in management.

Trading Securities

Securities that are purchased by a company not for long-term investment but rather with the intent to trade for short-term gains.