Which of the following factors is an important determinant of the magnitude of price elasticity…

Economics JAMB 1989

Which of the following factors is an important determinant of the magnitude of price elasticity of demand?

  • The production period
  • Cost of storage
  • Durability of the product checkmark
  • Availability of factors of production

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment