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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
Ceteris paribus, which of the following will result in demand for a good having a higher price elasticity of demand?
A) The good is a large part of your budget.
B) The good does not have many substitutes.
C) The time period under consideration is very short.
D) A, B, and C would all result in higher price elasticity of demand.
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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