Economy, asked by drshrutishruti5383, 1 year ago

Mention the factors which determine the elasticity of demand?

Answers

Answered by BrainlyHeroSumit

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.

Previous Question

Next Question

Similar questions

English, 6 months ago

Leela keenly examined the ball for the traces of the moon voice change...

Math, 6 months ago

1) Where did you visit? 2) Why did you go there? 3) How did you go there? 4) Who accompanied you? 5) Did you like the place? Why/Why not?

Science, 6 months ago

2. What are the advantages of vegetative reproduction?

English, 1 year ago

Teacher said honest is the best policy change narration...

English, 1 year ago

Summary of the lesson bipin chaudhiri lapse of memory...

Math, 1 year ago

If alpha and beta are the zeroes of the polynomial ax square+bx +c then find the values of 1 by alpha + 1 by beta...

Math, 1 year ago

A shopkeeper in a Nuts and Spices shop makes gift packs of cashew nuts, raisins and almonds. Pack I contains 100 gm of cashew nuts, 100 gm of raisins and 50 gm of almonds. Pack-II contains 200 gm of cashew nuts, 100 gm of raisins and 100 gm of almonds. Pack-III contains 250 gm of cashew nuts, 250 gm of raisins and 150 gm of almonds. The cost of 50 gm of cashew nuts is ` 50, 50 gm of raisins...

Chemistry, 1 year ago

For lunch, Dawn chose green salad, fruit salad, and minestrone soup. Her lunch is rich in which nutrient?