Question

The key effects while examining price elasticity are.

a. situation effect
b. difficult examining effect
c. Either A and B
d Both A and B

Answer 1

Explanation:

What affects price elasticity?

There are several factors that affect how elastic (or inelastic) the price elasticity of demand is, such as the availability of substitutes, the timeframe, the share of income, whether a good is a luxury vs. a necessity, and how narrowly the market is defined.