Following is not a factor affecting price elasticity of demand:

CA Foundation · Business Economics · MTP · September 2024
Following is not a factor affecting price elasticity of demand:
(A) A. Price level
(B) B. Cost of Production
(C) C. Availability of substitutes
(D) D. Time period

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Cost of Production

Topics: Theory of Demand and Supply

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