Which of the following is one of the important factors in determining the elasticity of demand for a product in a given country?
A) Personal selling
B) Logistics
C) Operating revenue
D) Income level

Question

Quizplus · Accepted Answer

Price elasticity tends to be greater in countries with low income levels. Consumers with limited incomes tend to be very price conscious; they have less to spend, so they look much more closely at price.

Which of the Following Is One of the Important Factors