Which of the following would NOT make elasticity of demand for a good more elastic?
A) more substitutes
B) luxuries
C) large part of budget
D) less time

Name: Which of the following would NOT make elasticity of demand for a good more elastic? A) more substitutes B) luxuries C) large part of budget D) less time
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Question

Quizplus · Accepted Answer

Less time makes demand less elastic because consumers have less opportunity to find alternatives or adjust their consumption habits.

Which of the Following Would NOT Make Elasticity of Demand