Price elasticity of demand is determined by a number of factors such as whether the item is a luxury product or service,the availability of substitutes,the necessity of the product or service,and
A) the stage of the product or service in its product life cycle.
B) the degree of carrying costs for the manufacturer or distributor.
C) the financial resources of the organization itself.
D) the cash outlay of purchase relative to a person's disposable income.
E) the ability of the organization to meet sudden increases in demand.

Question

Quizplus · Accepted Answer

The Answer of Price elasticity of demand is determined by a number of factors such as whether the item is a luxury product or service,the availability of substitutes,the necessity of the product or service,and
A) the stage of the product or service in its product life cycle.
B) the degree of carrying costs for the manufacturer or distributor.
C) the financial resources of the organization itself.
D) the cash outlay of purchase relative to a person's disposable income.
E) the ability of the organization to meet sudden increases in demand.

Price Elasticity of Demand Is Determined by a Number of Factors