What are the determinants of demand elasticity?

What are the determinants of elasticity of demand?

  • Answer:

    The price elasticity of demand measures how responsive the quantity demanded of a good is to a change in its price.

Anonymous at ChaCha Visit the source

Was this solution helpful to you?

Other answers

The elasticity of demand will be different for different goods and services.Location and proportion of income affect this.

Gail K.

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.