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scoundrel [369]
3 years ago
9

10. What impacts the elasticity of demand?

History
1 answer:
Arlecino [84]3 years ago
4 0

Answer:

Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.

Explanation:

hope this helps

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