2)The major determinants of a good's price elasticity of demand include a)the slope of the demand curve (whether it vertical, horizontal, downward‐sloping). b)the number of substitutes for the good that are available to consumers. c)the number of complements with which the good is jointly consumed. d)the prices of resources that are needed for the good's production. e)the slope of the supply curve (whether it is vertical, horizontal, upward‐sloping)
2)The major determinants of a good's price elasticity of demand include a)the slope of the demand curve (whether it vertical, horizontal, downward‐sloping). b)the number of substitutes for the good that are available to consumers. c)the number of complements with which the good is jointly consumed. d)the prices of resources that are needed for the good's production. e)the slope of the supply curve (whether it is vertical, horizontal, upward‐sloping)
Chapter1: Making Economics Decisions
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2)The major determinants of a good's
a)the slope of the demand curve (whether it vertical, horizontal, downward‐sloping).
b)the number of substitutes for the good that are available to consumers.
c)the number of complements with which the good is jointly consumed.
d)the prices of resources that are needed for the good's production.
e)the slope of the supply curve (whether it is vertical, horizontal, upward‐sloping)
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