Which of the Following Is Not a Determinant of the Price

question 187

Multiple Choice

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

• A)the time horizon
• B)the steepness or flatness of the supply curve for the good
• C)the definition of the market for the good
• D)the availability of substitutes for the good

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Definitions:

Anemia

A condition in which there is a deficiency of red cells or of hemoglobin in the blood, resulting in pallor and weariness.

Infection

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi that are not normally present within the body.

Electrolyte imbalance

A condition where the levels of electrolytes (minerals such as potassium, sodium, and calcium) in the body are either too high or too low, affecting bodily functions.

Leukemia

A medical condition in which bone marrow produces a large number of white blood cells that are not normal.