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  • 01-12-2021
  • Business
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What is not a determinant of ped.

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23Wessee
23Wessee 23Wessee
  • 01-12-2021

Answer:

Goods on which consumer spend less proportion of his income has an inelastic demand like a needle and newspaper. But the amount of income of a consumer does not affect the price elasticity of demand. Consumer's income has no relation with the price elasticity of demand for a particular good.

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