Which of the Following Is Not a Major Determinant of the Price

question 204

Multiple Choice

Which of the following is not a major determinant of the price elasticity of demand?

• A)​availability of close substitutes
• B)​proportion of income spent on the good
• C)​The supply of goods available
• D)​amount of time that has elapsed since the price change

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Definitions:

Transmissible Disease

Diseases that can be spread from person to person or through animals, often caused by pathogens such as bacteria, viruses, or parasites.

Hazardous Chemical

A substance that poses a potential risk to health, property, or the environment due to its chemical nature.

Parasite

An organism that lives on or in a host organism and gets its food at the expense of its host.

Metastasis

The process by which cancer cells spread from the original site of cancer to other parts of the body, forming new tumors.