Which among the following does not determine the shape of the demand curve under different market structures?
A)Number of substitutes in the market
B)Importance of the good in consumer's budget
C)Cost structure of the firm
D)Price-elasticity of demand
E)The length of time being considered

Question

Quizplus · Accepted Answer

The cost structure of the firm does not determine the shape of the demand curve under different market structures. The other factors listed (number of substitutes, importance in budget, price elasticity of demand, and length of time being considered) all have an impact on the shape of the demand curve.

Which Among the Following Does Not Determine the Shape of the Demand