List Three Factors That Affect Elasticity of Demand

question 27

Essay

List three factors that affect elasticity of demand.Briefly describe how each affects demand.

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Definitions:

Avolition

A symptom of various psychiatric disorders characterized by a lack of motivation or ability to initiate and perform tasks or activities.

Restricted Affect

A condition where a person shows minimal emotional expression or has a reduced ability to express emotions, often seen in various psychological disorders.

Alogia

A symptom of schizophrenia characterized by a poverty of speech, signifying a lack of thought or mental block.

Tardive Dyskinesia

A brain disorder marked by uncontrollable, repeated bodily movements, typically caused by prolonged consumption of specific mental health medications.