What are the for major determinants of the price elasticity of demand in terms of economics?
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Answer:
The determinants of the price elasticity of demand is the availability of substitute goods, percentage of income, necessity, duration, breadth of a definition of a good, brand loyalty, and who pays for the good.
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Other answers
The determinants of the price elasticity of demand is the availability of substitute goods, percentage of income, necessity, duration, breadth of a definition of a good, brand loyalty, and who pays for the good. !
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