English, 15.06.2021 20:10 assassin42

Which of the following is NOT a factor that affects Elasticity of Demand 1. availability of substitutes (how many items you could buy instead)

2. necessity vs. luxury item / service (how much you need the item

3 time horizon (how long you have to buy) it

4. taxes (how much the

5. government adds to the price

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