What are the determinants of elasticity of demand?
-
-
Answer:
Determined by numerous factors; Number of substitutes, Degree of necessity, and price of the good as proportion of income.
Anonymous at ChaCha Visit the source
Other answers
the elasticity of demand will be different for different goods and services.Location and proportion of income affect this.
Christa Tintelnot
Related Q & A:
- What is promotional elasticity in economics?Best solution by Yahoo! Answers
- What jobs are in demand in Germany?Best solution by Yahoo! Answers
- What kind of jobs are in high demand?Best solution by Yahoo! Answers
- What are good jobs that are in demand?Best solution by Yahoo! Answers
- What are the various kinds of demand elasticity?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
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.