Some of the determinants of the price elasticity are:
A)availability of substitutes,cost relative to benefit,and scope of market.
B)degree of necessity,cost relative to income,scope of market,and adjustment time.
C)availability of complements,cost relative to income,and scope of market.
D)cost relative to income,scope of demand,and adjustment time.

Question

Quizplus · Accepted Answer

Price elasticity is influenced by factors such as the degree of necessity, cost relative to income, the scope of the market, and the time consumers have to adjust to price changes.

Some of the Determinants of the Price Elasticity Are