Demand sensitivity depends on all of the following except:
A) how low the price of the good is.
B) the sensitivity of a firm's output to changes in its price.
C) the consumer's income.
D) the availability and closeness of substitutes.

Question

Quizplus · Accepted Answer

Demand sensitivity is not directly related to how a firm's output changes with price, but rather how consumer demand responds to price changes, income, and substitutes.

Demand Sensitivity Depends on All of the Following Except