21- A product would be more demand price elastic: Question 21 options: a- the sh

Question

21- A product would be more demand price elastic: Question 21 options: a- the shorter the time the consumer has to adjust to price changes. b- the lower the price of the good. c- the fewer the number of good substitutes. d- the less the essential nature of the good. e- if the supply is more price elastic. 21- A product would be more demand price elastic: 21- A product would be more demand price elastic: a- the shorter the time the consumer has to adjust to price changes. b- the lower the price of the good. c- the fewer the number of good substitutes. d- the less the essential nature of the good. e- if the supply is more price elastic. the shorter the time the consumer has to adjust to price changes. the lower the price of the good. the fewer the number of good substitutes. the less the essential nature of the good. if the supply is more price elastic. a- the shorter the time the consumer has to adjust to price changes. b- the lower the price of the good. c- the fewer the number of good substitutes. d- the less the essential nature of the good. e- if the supply is more price elastic.

Explanation / Answer

The answer is D. A,B and C will lead to more inelastic..E is about supply,not demand.

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