One of the Most Important Determinants of a Good's Price

question 352

Multiple Choice

One of the most important determinants of a good's price elasticity of demand is

• A) the profits of suppliers.
• B) the numbers of buyers in the market.
• C) the ease with which consumers can substitute other goods for that product.
• D) the cost of producing the good.

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Definitions:

Stages

Distinct phases or periods in a process of development or progression, often used to describe sequential steps in psychological, physical, or emotional growth.

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