State factors which determined price elasticity of demand
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The factor which determines the price elasticity of demand.
1) Nature of commodity
2) availability of substitute
3income level
4) level of price
5) postponement of consumption
6) number of uses
7)share in total expenditure
8) time period
9)habit....
hope helpful you.....
1) Nature of commodity
2) availability of substitute
3income level
4) level of price
5) postponement of consumption
6) number of uses
7)share in total expenditure
8) time period
9)habit....
hope helpful you.....
Answered by
0
Hey mate ✌️✌️
factors which determined price elasticity of demand⏬⏬⏬⏬⏬
⏺️Nature of commodity.
⏺️ Availability of substitutes.
⏺️ Multiple choice.
⏺️ Postponement of use.
⏺️Habit of consumer.
⏺️ Income level of buyers.
✨ Hope this helps you ✨
factors which determined price elasticity of demand⏬⏬⏬⏬⏬
⏺️Nature of commodity.
⏺️ Availability of substitutes.
⏺️ Multiple choice.
⏺️ Postponement of use.
⏺️Habit of consumer.
⏺️ Income level of buyers.
✨ Hope this helps you ✨
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