Explain the influence of tollowing on price elasticty of demand of a g – InterviewSolution

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1.	Explain the influence of tollowing on price elasticty of demand of a good:(0) Substitute goods;(price of the good.CBSE, Sample Paper 2014
Answer» Demand elasticity is the sensitivity of the demand for a good or service due to a change in another factor. There are many factors that influence a change in demand elasticity. These factorsincludeprice,incomelevel and availability of substitutes.

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