Economics · Price Elasticity of Demand
Which of the following is NOT a factor that affects the price elasticity of demand?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The initial number of units demanded✓
- 2The necessity of the item to consumers
- 3Duration of the price change
- 4The amount of customer income spent on the item
Correct answer
The initial number of units demanded
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