Explain any two factors affecting the price elasticity of demand.
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Answered by
10
1:-income level.
2:- share in total expenditure
3:- time period
4:-level of price
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7
Hey mate
☺☺☺☺
☀☀ Various factors which affect the elasticity of demand of a commodity are:
Nature of commodity.
Availability of substitutes.
☺☺☺☺
☀☀ Various factors which affect the elasticity of demand of a commodity are:
Nature of commodity.
Availability of substitutes.
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