Economy, asked by ritabharti109, 1 day ago

factors affecting price elasticity of demand

Answers

Answered by mayanksaha9125

Answer:

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.

Explanation:

Previous Question

Next Question

Similar questions

Math, 19 hours ago

In the figure if m are parallel n and <1:<2=1:2, then the measure of <8 is...

Physics, 19 hours ago

A car at rest accelerate uniformly to a speed of 40 ms-1 in 20s .how much distance is covered by the car? a.400m b.200m c.400cm d.200cm...

Hindi, 19 hours ago

अ सं अ तक स्वर अक्षर लिथिए ...

World Languages, 1 day ago

वस्तूंना वेगळी, स्वतंत्र खोली नको असते, त्यांना फक्त आपल्या मानलेल्या जागेवरून निष्कासित न होण्याची हमी द्या.या काव्यपंक्तीतील काव्यासोंदर्य स्पष्ट करा.