Ask Question
BusinessBusiness
30 June, 09:12

The elasticity of demand for a product depends upon the

+3
Answers (1)
  1. 30 June, 12:45
    0
    The major factor that depends upon the elasticity for a product would be the nature of the product, availability of substitute, income level, level of price, postponement of consumption, number of uses, share in total expenditure, time period and habits.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The elasticity of demand for a product depends upon the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following will increase the present value of a lump sum future amount to be received in 15 years?
Answers (1)
Suppose that a portfolio has a beta of 1.15. Over the period of one year, the portfolio had a return of 12.4% with a standard deviation of 16.2%. 1. If the T-bill return for the year was 1.2% and the return on the S&P500 was 10.
Answers (1)
Do these excerpts from columbus' log provide us with any useful information about the native societies of these islands? for example, what? cite specific evidence. (a copy of the text will be provided for you.)
Answers (1)
You win $100 in a basketball pool. you have a choice between spending the money now and putting it away for a year in a bank account that pays 5 percent interest. what is the opportunity cost of spending the $100 now?
Answers (1)
What do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods
Answers (1)
New Questions in Business
Henderson's is an all-equity firm that has 135,000 shares of stock outstanding. Neal, the financial vice-president, is considering borrowing $220,000 at 7.25 percent interest to repurchase 20,000 shares.
Answers (1)
What's joint venture?
Answers (1)
Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.
Answers (1)
A short-run phillips curve shows an inverse relationship between
Answers (1)
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
Home » Business » The elasticity of demand for a product depends upon the
Sign Up Forgot Password?