which factor is least probable to affect price elasticity of demand? a..purchase cost relative to disposable income b..firms profit margin c.. affordability or availableness of substitute d..if the buyer is responsible for baring the pr

which factor is least probable to affect price elasticity of demand? a..purchase cost relative to disposable income b..firms profit margin c.. affordability or availableness of substitute d..if the buyer is responsible for baring the pr

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 1CQQ: A life-saving medicine without any close substitutes will tend to have a. a small elasticity of...

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which factor is least probable to affect price elasticity of demand?

a..purchase cost relative to disposable income

b..firms profit margin

c.. affordability or availableness of substitute

d..if the buyer is responsible for baring the price

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