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Factors affecting elasticity of demand

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Factors affecting elasticity of demand
  • 1 answers

Vaibhav Kamboj 4 years, 7 months ago

1. Nature of the Commodity. 2. Availability of Substitute goods. 3. Income level of the consumer. 4. Price level of the commodity. 5. Time Period. 6. Different use of the commodity. 7. Behavior of the consumer. 8. Postponement of consumption.
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