which of the following will not tend to increase the elastic you of demand for a

Question

which of the following will not tend to increase the elastic you of demand for a good ? 1.an increase in the availability of close substitute 2.An increase in the amount of time people have to adjust to a change in the price 3. An increase in the proportion of income spent on the good 4.all of the above will increase the elasticity of demand for a good which of the following will not tend to increase the elastic you of demand for a good ? 1.an increase in the availability of close substitute 2.An increase in the amount of time people have to adjust to a change in the price 3. An increase in the proportion of income spent on the good 4.all of the above will increase the elasticity of demand for a good which of the following will not tend to increase the elastic you of demand for a good ? 1.an increase in the availability of close substitute 2.An increase in the amount of time people have to adjust to a change in the price 3. An increase in the proportion of income spent on the good 4.all of the above will increase the elasticity of demand for a good

Explanation / Answer

Ans: all of the above will increase the elasticity of demand for a good

Explanation: Followings are the determinants which increases elastic of demand for a good

The demand for a good is elastic if more substitute for it is available.

The longer the time elapsed since the price change, the more elastic is the demand for the good.

The greater the proportion of income spent on a good, the more elastic is the demand for the good.

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