Time remaining:
​what factors determine whether a demand curve is elastic or in elastic

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

what factors determine whether a demand curve is elastic or in elastic

Oct 18th, 2017

There are three main factors that influence a demand's price elasticity:

1.  The availability of substitutes

2.  Amount of income available to spend on the good 

3.  Time


Apr 20th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 18th, 2017
...
Oct 18th, 2017
Oct 18th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer