Respuesta :
I believe the answer is: D. the goods price range
- option A is wrong because As a product has less availibility , consumers would have no choice beside that product, which make it become less elastic.
- Option B is wrong because goods of relative importance tend to be irreplacable regardless of its change in price, which make these goods inelastic
- Option C is wrong because necessity goods tend to make the goods become more inelastic since our life would be in danger if we don't consume them.
The goods price range is not a factor affecting elasticity.
Further Explanation:
Various factors which affect the elasticity of demand of a commodity are:
• Nature of product
• Availability of substitutes
• Income Level
• Level of cost
• Postponement of Consumption
• Number of Uses
• Share in Total Expenditure
• Time Period
Accessibility of substitutes:
There are bunches of substitutes for a specific decent or administration, at that point it is simple for customers to change to those substitutes when there is a cost increment for that great or administration. The accessibility of close substitutes will in general make the interest for Fords more value flexible.
Relative Importance:
Relative Importance Testing is a strategy that causes you figure out what individuals really need by asking them inquiries intended to mimic genuine tradeoffs. The more arrangements of inquiries every member finishes, the more plainly you'll have the option to pass judgment on the general significance of each advantage.
whether the food is a necessity or a luxury:
It is recommended that extravagance nourishments are those sustenances that offer a refinement in surface, taste, fat substance or other quality, (for example, stimulant or inebriant) and offer qualification, on account of either their amount or quality.
Subject: business
Level: High School
Keywords: Various factors which affect the elasticity of demand of a commodity are, Availability of substitutes, Relative Importance, whether the food is a necessity or a luxury.
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