Which factor would increase elasticity of demand the MOST?
A) an increase in the number of tablet brands offered
B) a decrease in the proportion of one's income spent on televisions
C) a service, such as high-speed Internet access, that has become a greater necessity
D) a shorter time period to make decisions

Question

Quizplus · Accepted Answer

An increase in the number of tablet brands offered would increase the elasticity of demand the most because consumers have more substitutes to choose from, making them more sensitive to changes in price.

Which Factor Would Increase Elasticity of Demand the MOST