Home » Economics » Which of the following factors is an important determinant of the magnitude of price elasticity…Which of the following factors is an important determinant of the magnitude of price elasticity… Which of the following factors is an important determinant of the magnitude of price elasticity of demand? A. The production period B. Cost of storage C. Durability of the product D. Availability of factors of production Correct Answer: Option C Explanation Related Posts Investing heavily in the agricultural sector will lead to country is said to be overpopulated when An aspect of taxation that involves normative economics is the? One of the characteristics of oligopoly is the availability of Deficit financing is mostly facilitated by the existence of? Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is?
