Which of the following are the determinant of price elasticity of demand:

CA Foundation · Business Economics · MTP · September 2025
Which of the following are the determinant of price elasticity of demand:
(A) A. Availability of substitutes
(B) B. Time period
(C) C. Tied demand
(D) D. All of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Availability of substitutes

Topics: Theory of Demand and Supply

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