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The price elasticity of demand for a product is greater if A. the proportion of the good of the consumer's budget is high. B. the period of time to respond to a price change is short. C. the number of
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8 votes
The price elasticity of demand for a product is greater if

A. the proportion of the good of the consumer's budget is high.
B. the period of time to respond to a price change is short.
C. the number of substitute products is limited.
D. the product is a necessity.
E. imports decrease.

User Thomas Jaunism
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2 Answers

18 votes
18 votes
It’s C the number of substitute products is limited
User Zulema
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24 votes
24 votes

the number of substitute products is limited

User Rdnewman
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