Factors affecting the price elasticity of demand include all of these EXCEPT:
A) percentage of the consumer's budget
B) the availability and closeness of substitutes
C) positioning as income inferior
D) time period of adjustment
E) all of the above affect the price elasticity of demand

Question

Factors affecting the price elasticity of demand include all of these EXCEPT:
A) percentage of the consumer's budget
B) ​the availability and closeness of substitutes
C) ​positioning as income inferior
D) ​time period of adjustment
E) ​all of the above affect the price elasticity of demand

Quizplus · Accepted Answer

All of the factors listed in options A, B, and D can affect the price elasticity of demand. However, positioning as income inferior is not a factor that affects the price elasticity of demand.

Factors Affecting the Price Elasticity of Demand Include All of These