Question

3)
The determinants of the price elasticity of demand is/are
(1) Unit of goods, (ii) Quantity, (iii) Price, and (iv) Slope of the demand
a. (i), (ii), and (iii)
b. (ii), (iii), and (iv)
c. (ii) and (iii)
d. (111)​

Answer 1

Answer:

a number is the answer of this

Answer 2

Explanation:

The four factors that affect price elasticity of demand are (1) availability of substitutes, (2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and (4) how much time has elapsed since the time the price changed.