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factors that influence the price elasticity of demand:




here are 4 factors that influence the price elasticity of demand;The availability of substitutes;The specific nature of the good;The part of income spent on the good;The time consumers have to buy the good;In a 3?4 paragraph Discussion Board post, discuss the following;Choose a product you have purchased in the past month from a grocery or home improvement store.;Describe how each of the 4 factors contributed to the elasticity of the good.;Is the product considered elastic, inelastic, or unitary elastic?;In a few sentences, what effect does the current supply and current demand have on this product?;Comment on another student's posting.


Paper#26405 | Written in 18-Jul-2015

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