The degree of price elasticity of demand used for goods is influenced by whether
(1) It has close substitutes
(2) Its output is easily altered
(3) It accounts for a small input
(4) It is a durable use or single use goods
| A. | 1, 3 and 4 only |
| B. | 2 and 3 only |
| C. | 1 and 2 only |
| D. | 2, 3 and 4 only |
Answer : A Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
