Factors Affecting Price Elasticity of Demand
a) Percentage of Income Spent on the commodity
A consumer is expected to be more responsive to a change in the cost of a good on which he spends a larger percentage of his income for instance car than to the similar change in the cost of a good on which he spends the small percentage of his income such as salt
b) Availability of Substitutes
If a good has number of substitutes, a consumer can switch to an alternative commodity if its price rises.
c) The Number of Uses for a commodity
The demand for a commodity with several uses will tend to be much more elastic than its demand for any other particular use.
d) Time Period
The longer the time period, the more will be the elasticity of demand.
Email based economics assignment help - homework help at TutorsGlobe
Are you searching accounting tutor for help with Factors affecting price elasticity questions? Factors affecting price elasticity topic is not easier to learn without external help? We at www.tutorsglobe.com offer finest service of economics assignment help and accounting homework help. Live tutors are available for 24x7 hours helping students in their Factors affecting price elasticity related problems. We provide step by step Factors affecting price elasticity question's answers with 100% plagiarism free content. We prepare quality content and notes for Factors affecting price elasticity topic under accounting theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why TutorsGlobe for assignment help
tutorsglobe.com characteristics of free energy assignment help-homework help by online gibbs free energy tutors
Grab the best Ancient Art Assignment Help at just one click and secure top grades in your academics!
www.tutorsglobe.com offers Imperative Language homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
If the 1st phase, say R or A phase starts at slot number 1, the Y or B phase have to be start at 1200/300 = 4 slots away that is, in slot (1 + 4 = ) 5, and the B or C phase should begin at (5 + 4 =) 9.
tutorsglobe.com atherosclerosis assignment help-homework help by online lipid metabolism tutors
Finding out topmost Political Theory Assignment Help service at reasonable rates? Avail it from qualified tutors!
Theory and lecture notes of Parabolic PDEs-Explicit Method all along with the key concepts of differential equations, Boundary Conditions, Explicit Method Finite Differences, Heat Flow and Diffusion. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Parabolic PDEs-Explicit Method.
tutorsglobe.com phenol-coefficient technique assignment help-homework help by online control of microorganisms tutors
tutorsglobe.com efficiency assignment help-homework help by online costly price information tutors
tutorsglobe.com asiatic breeds assignment help-homework help by online breeds tutors
Diversity of Disaccharides tutorial all along with the key concepts of Composition of Disaccharides, Sucrose, Lactose, Maltose, Trehalose, Cellobiose, Gentiobiose, Reducing and Non-reducing Disaccharides
tutorsglobe.com reactions of electron transport assignment help-homework help by online electron transport chain tutors
Pest Forecasting tutorial all along with the key concepts of Pest Monitoring, Pest Surveillance, Survey of pest species, Sampling Techniques, Methods of sampling and Economic Injury Level
www.tutorsglobe.com offers User Defined Data Types homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com mode of nutrition assignment help-homework help by online plant physiology tutors
1961089
Questions Asked
3689
Tutors
1464567
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!