Ask Question
BusinessBusiness
16 March, 18:06

The elasticity of demand for a product depends upon the

+5
Answers (1)
  1. 16 March, 18:31
    0
    The major factor that depends upon the elasticity for a product would be the nature of the product, availability of substitute, income level, level of price, postponement of consumption, number of uses, share in total expenditure, time period and habits.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The elasticity of demand for a product depends upon the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Total Quality Management (TQM) is a management approach that places emphasis on continuous process and system improvement as a means of achieving customer satisfaction to ensure long-term company success. 1. True 2. Flase
Answers (1)
Select the correct answer. If a company produces, promotes, and sells bags made of recycled paper, which concept is it using? A. sales concept B. advertising concept C. societal marketing concept D. production concept
Answers (1)
Best font for a business document
Answers (2)
Which best explains why the money supply is increased when the Fed buys T-bonds on the open market? The purchase of bonds reduces the available supply of bonds, which drives up bond prices.
Answers (2)
When Kia Motors from South Korea operates a design center on Korea, Los Angeles, and Frankfurt, Germany, this represents what type of strategy?
Answers (1)
New Questions in Business
Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects to live thirty years in retirement and plans to leave $1 million to her children and grandchildren.
Answers (1)
A perfectly competitive firm in a constantminuscost industry produces 3,000 units of a good at a total cost of $36,000. The prevailing market price is $15.
Answers (1)
The total amount of deductions from an employee's gross pay is $97.45. If the gross pay is $423.70, what percent of their gross pay is being withheld? a. 21% b. 22% c. 23% d. 24%
Answers (2)
A crew will arrive in one week and begin filming a city for a movie. the mayor is desperate to clean the city streets before filming begins. two teams are available, one that requires 400400 hours and one that requires 500500 hours.
Answers (1)
Utilizing the top-down approach, an individual who earns $75,000 per year as an employee for golf enterprises, llc and saves $13,000 of his earnings per year towards retirement will have a wage replacement ratio equal to 82.67%.
Answers (1)
Home » Business » The elasticity of demand for a product depends upon the
Sign Up Forgot Password?