Economy, asked by Nikhillll40801, 11 months ago

Discuss the factors that determine elasticity of demand

Answers

Answered by KeshavGiri79
1

Answer:

Many factors are important in determining the demand elasticity of a good or service, such as the price level, type of good or service, availability of a substitute, and level of consumer income. The price level affects the demand for a good or service.

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