Answer:
The four factors that affect price elasticity of demand are (1) availability of substitutes, (2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and (4) how much time has elapsed since the time the price changed. If income elasticity is positive, the good is normal.
Explanation:
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C A high literacy rafe in higher levels of education can lead to higher paying jobs.
Many people will not be able to obtain a car, and iron is used to make cars in some shape or form, so then cars will not be made as much.
It would be Less difficult